Washington State Down Payment Assistance Programs and Grants. Rhonda Porter: Hi Catherine, I recommend getting preapproved. I can help you if the home is located in. At the heart of the President Barack Obama's ambitious plan to rescue the housing market is the conviction that restructuring distressed mortgages will.
The Social Security System has launched the Loan Restructuring Program (LRP) for members with past due calamity loans and other short-term member loans who reside or. The Strategic Default Monitor is a completely free online resource for consumers seeking to learn how to strategically default. The Federal student loan repayment program permits agencies to repay Federally insured student loans as a recruitment or retention incentive for. Treasury and Federal Financing Bank (FFB) Rates. The following list of interest rates for loans shall not constitute an offer or commitment to make a loan at these rates.
How to Apply for SSS Loan Restructuring Program. WHO ARE ELIGIBLE TO APPLY? All member- borrowers who have past due Calamity Loans or Salary Loan Early Renewal Program (SLERP); Member- borrowers with past due short- term loans living or working in calamity/disaster stricken areas as declared by the National Disaster Risk Reduction and Management Council (NDRRMC) or in the case of Ondoy, by the National Government. Covered short- term loan programs are as follows: Salary Loan. Emergency Loan. Educational Loan (old)Study Now Pay Later Plan. Voc Tech Loans. Y2.
K Loans. Investments Incentive Loan. AVAILMENT PERIODApril 2. Member- borrower with Calamity Loan or Salary Loan Early Renewal Program (SLERP) and Death Benefit filer need not accomplish an Affidavit of Residency. Fill ou the Loan Restructuring Application Form (MLP- 0.
If member borrower is personaly applying for the restructuring, present original copy of valid identification cards/documents. If representative is filling for the restructuring program, submit the following. Special Power of Attorney (SPA) .
Present both original copy of the identification. Submit the form to the nearest SSS branch or Foreign Office with the Statement of Loan Balance for Loan Restructuring Program signed in the . Said final benefit claim must be filed within the availment period. AREAS COVEREDFor covered short- term loan programs, below is the list of covered calamities or disasters declared by NDRRMC as under the state of calamity: Ondoy (2.
Sendong (2. 01. 1)Pedring and Quiel (2. Pablo (2. 01. 2)Labuyo (2.
Maring (2. 01. 3)Santi (2. Armed Conflict in Zamboanga (2. Bohol and Cebu Earthquake (2. Yolanda (2. 01. 3)Agaton (2.
Glenda (2. 01. 4)Mario (2. Ruby (2. 01. 4)Seniang (2. Lando (2. 01. 5)Nona (2. RESTRUCTURED LOAN AMOUNTThe sum of principal and accrued interests of all past due short- term loans of the member- borrower shall be consolidated into one Restructured Loan (RL1).
PAYMENT TERM Full payment . Amortization shall start on the month immediately following the approval date of the Restructured Loan. Example. The balance of RL1 should be zero at the end of the term.
Otherwise, the unpaid principal of RL1 and the proportionate balance of condonable penalty shall become part of a new principal under Restructured Loan 2 (RL2). INTEREST RATE AFTER TERM EXPIRYAfter the term of RL1 expires and the loan remains outstanding, the new principal balance under RL2 shall henceforth be charged with an interest rate of 1.
OTHER TERMSWhile the Restructured Loan is existing or outstanding, the member- borrower cannot avail other SSS short- term loan programs including Educational Assistance Loan Program. The member- borrower may avail of SSS short- term loan program after six (6) months from the date of full payment of the Restructured Loan. Once the member- borrower availed of this loan restructuring program, he/ she is disqualified from availing of any future loan condonation/ restructuring programs of SSS. In case of member- borrower.