RALEIGH, N.C. – State Employees’ CU said it is continuing to waive late fees on first mortgage loans up to 45 days late to help members whose lives have been disrupted by significant events such as the loss of a job.
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The waiver was implemented by SECU’s Board of Directors after hearing of members struggling to meet day-to-day needs as a result of an unexpected event.
Additional SECU mortgage changes resulting in a positive financial difference have included the elimination of private mortgage insurance requirements, reduced origination fees, specialty mortgage programs for first-time homebuyers, and an in-house Mortgage Assistance Program designed to keep members in their homes.
