Homeowners with J.P. Morgan Chase that are struggling to make their mortgage payment may want to contact their lender in order to find out what mortgage assistance options are available for those homeowners who are having trouble making their mortgage payment.
Unemployment is still one of the driving forces behind homeowners not being able to meet their basic financial needs, let alone pay their mortgage. It is for this reason that the home loan modification program was set in place by the Obama administration so that homeowners who were having trouble would be able to keep a roof over their head.
Lenders like J.P. Morgan have been participating in various programs like home loan modifications and refinancing in order to make homes more affordable. J.P. Morgan is one of the lenders who has said they do not feel that mortgage assistance options like principal reductions are a practical solution, but when it comes to underwater mortgages they are providing assistance.
While lenders have been making strides to help homeowners afford their home, there have been many troubles along the way that have left homeowners very angry with their mortgage lender. There are some who believe that banks are not doing all they can in order to help homeowners avoid foreclosure, and a Treasury Department review his hoped to discover if this is the case.
There are no perfect programs or lenders in the Making Home Affordable Program and there are homeowners that are still struggling to obtain some form of mortgage assistance. However it’s being advised that any homeowner that is having trouble paying their mortgage should contact their mortgage lender about various options available from the Obama administration program or from programs specific to their lender.