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Lower Mortgage Payments For Military Families

By: Huntsville Real Estate Expert Mike Manosky On July 22, 2015

Military families are going to like what the Obama Administration has been up to lately. An agreement was made last year to lower the mortgage payments of those who fight for our country. The agreement was made with five of the nation’s largest mortgage lenders; Wells Fargo, Ocwen Loan Servicing, CitiMortgage, Bank of America and Quicken Loans.

military familiesThese new lower mortgage payments are going to help military families in the following ways:

  • Give military families a little wiggle room when it comes to paying their bills
  • Aid military families in being able to fight for our country while providing for their families back home
  • Make military families aware that this type of help does exist and is available to them

Some military families are not aware that help from the government to lower their mortgage has been in place for some time. This new service will help every military family to know that it is available to them and will also make it much less of a hassle for them to receive. The big banks and financial institutions will now be notifying service men and women who qualify for lower rates. These institutions will also make it very easy to enroll in the program.

It is expected that thousands of military families will benefit from this new program.  It will be so nice for those who are serving us in such an honorable way to receive back a little from the government and for more military families to be able to own their own home. Not only that, but many of these military families who take advantage of the governments help to lower their monthly mortgage payment will also be able to send their children to college or even be able to put some back to retire on.

I personally give the government two thumbs up for this new assistance to military families. It is a perfect time to show those who fight for our freedom just how much they are appreciated.

Information provided by Huntsville Realtor Mike Manosky.

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