Program allows lower mortgages for service members - WTVM.com-Columbus, GA News Weather & Sports

Program allows lower mortgages for service members

(WTVM) -

Good news for active-duty service members: the White House has announced a new program to make it easier for you to afford homes.

The new program makes Americans serving on active duty eligible to have their home interest rates and some other debt fees capped at six percent under a 2003 law.

President Obama announced the plan Tuesday to address the issues many service members face when trying to afford a home.

Five of the country's largest mortgage lenders have agreed to make the process easier and to proactively reach out to those who should be eligible for lower rates.

Copyright 2014 WTVM. All rights reserved.

Powered by Frankly