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Is it true that the U.S. Government is providing a financial incentive to borrowers?

April 26, 2017borrowers financial government providing

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Is it true that the U.S. Government is providing a financial incentive to borrowers?

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Yes. Borrowers who make timely payments on their modified loans will receive success incentives. For every month you make a payment on time, the U.S. Treasury Department will pay an incentive that reduces the principal balance on your loan. Over five years the total principal reduction could add up to $5,000. This contribution by the U.S. Treasury Department will help you build equity faster.