Home Mortgage Weblog

Mortgagers of Katrina hit customers provided them repayment relief so that they were not unduly harassed by payment pressures in their time of misery. This relief period varied from three to six months.

In some cases, customers have received monies from their insurers, but have yet not started paying their mortgages as they are undecided on their future course of action. They are uncertain if they would like to continue living at their storm hit homes or if they want to resettle in a completely new location.

Most mortgagers are working with customers individually to chalk out their repayment schedules. This approach adopted by some mortgagers has come as a timely blessing for customers. It will also work well as a customer retention strategy for the mortgagers as they will gain substantial equity with their customers through their gesture.

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