Homeowners with Wells Fargo who may be in need of a lower monthly mortgage payment or who are still struggling due to economic factors might find help in a home loan modification. Wells Fargo is one of the top lenders who is still working with the Obama Making Home Affordable Program and through this program there can still be help provided to homeowners who are struggling just to meet their basic mortgage payment.
Wells Fargo has seen an increase in the number of permanent home loan modifications they have made over the past months. While many people still feel that more needs to be done, the home loan modification program overall has seen an increase as well.
Some lenders have come under criticism and many homeowners have been angry they were denied a home loan modification when they were desperate for some form of assistance. There are some stories circulating about homeowners who did everything right and were still denied a modification, but this should not stop a homeowner who is in trouble from talking with their lender about a home loan modification.
The Making Home Affordable Program website has a variety of information for homeowners who may want to see if they qualify for a home loan modification before beginning the process. Also, homeowners with a Wells Fargo home loan or any homeowner who has a mortgage with another lender is still being advised to contact their mortgage lender about any type of assistance that may be able to help them in their mortgage or to simply begin the modification process.