Homeowners with J.P. Morgan Chase can still benefit from a home loan modification program offered by the Obama Administration. Homeowners are still struggling to make ends meet due to a weak job market and other economic factors. It’s for this reason that many homeowners are still looking for some form of home loan modification in order to make their mortgage payment more affordable.
J.P. Morgan Chase, along with other mortgage lenders, have been working over the past months to help struggling homeowners get a more affordable mortgage or help them with various home loan troubles. Chase along with other lenders in the program have seen increases in the amount of permanent home loan modifications over the past few months.
However, there have been some homeowners that have not gotten a modification and have said that lenders are not doing all they can to help homeowners avoid foreclosure. There have been no perfect lenders in the modification program but there are still mortgage assistance options available and homeowners should not be dissuaded from seeking out these forms of aid simply because other homeowners have had a very difficult and trying process in the modification program.
It’s still being advised that homeowners who are having trouble making ends meet and worry that they may face foreclosure should talk to their home loan lenders and ask about any mortgage assistance options that may help them in their particular situation. Lenders have been using both in-house mortgage aid plans and programs from the Obama Administration, so there should be some form of help available for any homeowner who qualifies.