Homeowners with J.P. Morgan Chase have had trouble making their home loan payment, which is a common occurrence among homeowners with various lenders across the nation. Yet, homeowners seeking a J.P. Morgan Chase home loan modification have had mixed results when it comes to getting a permanent mortgage modification.
Many lenders, J.P. Morgan Chase included, stated that there are problems within the Making Home Affordable Program, some of which are homeowners not submitting proper paperwork, simply not qualifying for a mortgage modification, or the inability of some homeowners to make a mortgage payment during the home loan modification trial period.
Yet, there have been more permanent home loan modifications seen each month from J.P. Morgan Chase and various mortgage lenders in the Obama home loan modification program, but that doesn’t mean there is not room for improvement. However, J.P. Morgan Chase is not only offering modifications on home loans, but there are other mortgage assistance plans available for homeowners who may be in various mortgage trouble.
For instance, principal reductions, short sale options, and even mortgage aid plans directly from J.P. Morgan, for homeowners who do not qualify for a Making Home Affordable Program modification, may be available for homeowners. While there have been difficulties for many homeowners who are seeking a mortgage assistance plan from their lender, it is still advisable that homeowners who are struggling to make their mortgage payment should talk with their lender or consult the Making Home Affordable website for more information.