Help for Military Homeowners
According to a new settlement, some Servicemembers and Veterans may receive housing relief. Relief could affect those who were:
- Wrongly foreclosed upon
- Wrongfully denied the opportunity to reduce their mortgage payments through lower interest rates
- Forced to sell their homes for less than they were worth due to a change in station
As part of an effort to reduce barriers and costs for refinancing, FHA will cut its fees for refinancing loans already insured by FHA. An estimated 2-3 million borrowers could be eligible for this savings.
Click here for the fact sheet from The White House.