The mortgage crisis has caused many families with Chase as their lender to review the new stimulus package our government started to help keep their families from going into financial ruin. Many Chase bank loan customers have been able to utilize the loan modification process in order to save their homes from foreclosure.
Chase bank loans were affected like the many other banks and the lenders at Chase have found it wiser to work with families to resolve their issues so they may continue to make their monthly payments and remain in their homes. Because Chase was purchased by the Bank of America, changes were made to restructure their own finances and keep yearly profits up. They decided to reduce the cost of foreclosure proceedings by allowing their loan holders to participate in the loan modification program. This decision actually helped to increase their bottom line by increasing the number of families able to continue making monthly payments on their mortgage loans.
In order to verify if you are able to qualify for this program, it is best if you utilize a free consultation with a professional experienced in helping families file for the loan modification process. Chase bank loan customers should speak with an expert in this area and have their questions answered to help them understand the process fully. Fortunately, there are a number of loan modification experts available online offering these complimentary consultations for Chase clients and other lenders as well. Before speaking with your loan modification expert, you should gather all your financial records and be prepared to answer a few questions regarding the state of your finances and your current monthly obligations.
If you’re having trouble with your current mortgage loan, the stimulus package was designed especially for you. But I caution you; be truthful with all you answers being dishonest can only increase your problems. A large portion of the stimulus package was designed for families wanting to pay off their loans and not for individuals looking for a free handout. Chase bank loan customers will be screened to make sure they qualify, so having a professional to do the talking for you will only help the process go smoothly for you and your family.
It will be interesting to see how President Obama’s stimulus package helps to keep families safe and secure in their homes. Chase bank loan customers would be wise to take advantage at this time before things change once again and then be in search of other options to help them through this economic crisis.