Homeowners with Wells Fargo are asking for assistance with their home loan as many homeowners are still having trouble meeting their mortgage payment. There is a wide range of reasons for homeowners to fall into mortgage trouble, but there are solutions and assistance available for home loans and homeowners that are in need.
The Making Home Affordable Program and a wide range of plans for struggling homeowners are available from lenders, like Wells Fargo, and are being used in order to provide assistance for homeowners. There have been problems and many homeowners have been upset with their experience with the home loan modification program, but homeowners still have options from lenders as well.
Many lenders like Wells Fargo have in-house programs to assist homeowners who may not qualify for the Obama administration mortgage assistance programs. While some programs from the Obama administration, like principal reduction plans, are not popular with some lenders and may not be used when they come into full effect in the near future, there is still assistance available.
While, again, programs like home loan modifications, principal reductions, unemployment forbearance plans, and refinancing options are not an easy route for every homeowner, nor is every lender using all of these options, it’s still being advised that homeowners should talk to their lender, be it Wells Fargo or another, about available assistance programs that may help them avoid foreclosure.