Homeowners with J.P. Morgan Chase are still having trouble, in some cases, when it comes to making their mortgage payment. J.P. Morgan Chase has seen continued increases in the number of permanent home loan modifications they have made in the Making Home Affordable Program over the last few months.
Also, some homeowners have been refinancing their Chase home loan in order to take advantage of low interest rates that have been offered over the past months. Some homeowners have been able to refinance for a much lower rate than what they previously had and they were also able to get a lower monthly mortgage payment as well.
J.P. Morgan Chase has been criticized in their home loan modification efforts and have been said to keep homeowners in the trial phase of the modification program for much longer than is required. While no mortgage lender has been perfect this doesn’t mean homeowners should give up on finding mortgage assistance.
Lenders like J.P. Morgan Chase are not only using many of the Obama Administration’s modification programs but they also have in-house programs that are helping homeowners obtain a more affordable mortgage payment.
It’s because of these various programs that homeowners are still being advised to talk with their lender if they’re having trouble in their mortgage. A variety of factors are still causing homeowners to suffer when it comes to their finances, so talking over assistance options with a mortgage lender is going to be necessary when it comes to saving your home from foreclosure.