Homeowners with a Citigroup home loan may have multiple options when it comes to getting a more affordable monthly mortgage payment. The options available to a homeowner will be dependent upon a homeowner’s financial and mortgage position, there are ways in which many homeowners have been able to lower their monthly mortgage payment no matter what their financial standing happens to be.
Home loan modification programs have been offered through Citigroup from the Obama’s Making Home Affordable Program and in-house assistance plans directly from Citigroup. Many homeowners have needed a more affordable home loan payment due to various financial and economic strains that have been experienced by many homeowners across the nation but there have been increasing numbers of homeowners who have received a home loan modification from Citigroup so that they can afford their monthly mortgage payment and avoid foreclosure.
However, homeowners who may be in a better financial position have been able to lower their monthly home loan payment by refinancing. While Citigroup is not the only mortgage lender that a homeowner can work with when they refinance, lenders like Citigroup have been able to offer record-low interest rates to many homeowners over the past months. Countless homeowners have seen opportunities to lower their mortgage interest and obtain a lower home loan payment, and as a result refinancing has been an option many have used to obtain a more affordable mortgage payment.
While homeowners who are considering refinancing their home loan can work with a lender outside of their primary mortgage servicer since they may be able to get a lower mortgage interest rate from a different lender, individuals who are looking for a home loan modification are often advised to start by contacting their primary mortgage servicer. Homeowners who are seeking to refinance their home loan and those who are looking for a modification will obviously be in very different financial positions, but homeowners across the board have been able to refinance their home loan to a more affordable payment which has helped many ease financial burdens in their life and avoid foreclosure.