OceanFirst Bank N.A. is offering a forbearance or temporary suspension of mortgage and home equity loan payments for up to 90 days to its customers who work for the federal government or businesses affected by the government shutdown, the bank announced last week.
“As a community bank, OceanFirst wants to provide support to every mortgage customer who works for the federal government or businesses that are affected by the current shutdown,” said Anthony Giordano, III, OceanFirst Bank’s Senior Vice President and Senior Operations Officer. “We recognize these are stressful times for these customers, many of whom are worried about meeting their mortgage and other financial obligations, especially if there is a prolonged shutdown. By offering the Mortgage Relief Program, we hope we can ease any concerns relating to their mortgage or home equity loan until they get back to work and are paid.”
Borrowers wishing to participate in the Mortgage Relief Program must contact OceanFirst Bank and apply. For additional information or to apply, please call 732-240-4500 ext.7714 or email [email protected] .