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CitiMortgage Loan Modification

CitiMortgage Loan Modification aims at helping you pay your mortgages and save home. It could be one of the several homeowner assistance programs that the bank offers to existing mortgage customers. The others are Repayment plan and Deferment. A Repayment plan allows you to skip payments for a few months and pay the accumulated amount in a lump sum at the end of the period. The Deferment agreement, on the other hand, allows you to make portions of your payments and pay the balance at a later time. These situations however suit well when you experience temporary hardship. For a permanent change in the payment amount, rates or loan terms Citibank Mortgage Modification is the ideal option.

CitiMortgage Loan Modification Program

There are CitiMortgage traditional loan modification options as well as those funded by government agencies. One such example is Home Affordable Modification Program (HAMP) which can allow you to get certain terms of your original loan documents changed to correspond to your present financial condition. However there are certain criteria that must be met in order to qualify for the program. Your must provide adequate information regarding your present financial situation along with a hardship letter explaining why you need to be considered for the program. The application forms and other necessary documents can be downloaded online from the website of the bank or you can have these from your lender as well.

CitiMortgage Loan Modification Package

If you are an online customer you can simply sign on to your account and submit your financial information online. The homeowner assistance team will review the information you have provided and may suggest you an appropriate course of action. You may be provided information on how you can obtain the complete loan modification package containing various forms and documents. The completed package should be sent via mail to the address given in the packet. As the process involves detailed reviews of the documents you would send you may have to wait for a few months to see your application get approved. Moreover, you may be offered a trial period for a few months initially. The final approval depends on the success of this trial period.

CitiMortgage Loan Modification Department

Contact CitiMortgage Loan Modification Department in case you face problems in getting your application approved. There are issues of loan modification scams, hardship letter, documentation checklist and others that you can handle conveniently with the support and advice of CitiMortgage Office of Homeownership Preservation. The same department can help you in matters pertaining to second mortgage modification and supplemental modification. Here are the complete contact details for the Office of Homeownership Preservation.

Phone: 1-866-915-9417
Fax: 1-866-963-0651


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