Over the past three years in America, the sluggish economy has forced Americans to stressful lives, wherein everything - jobs, health, family obligations, relationships, community and responsibilities - takes their toll. As it faces a major economic shift, it will affect living standards for years. Even at present, people in America are imposed to deal with idleness, drop in a pay, a change of working hours, loss of invested money, the increased cost of living, or trouble finding a job during this critical time. All these make life truly harder to live for everyone involved, especially people already stretched to meet the necessities of their family. Betting on the possibility of future income, we can buy things on credit but what if that income fails to appear? Here in such a complex situations, it is normal and logical to feel stressed and anxious, but worry doesn’t solve the problem. Thank god, some government-based assistance programs are there to help Americans cope with financial worries when things get really tough.
Its great example - Chase Homeownership Center - serves with a goal to keep homeowners who are under financial stress in their homes. It helps homeowners with home loan modifications and other retention programs. Even there is no need to visit Chase Homeownership Center, as Chase.com/MyHome official webpage makes things much easier than ever. Now, you can understand as well as access government-based homeowners’ assistance programs at once, with just a few mouse clicks!
Looking very simple, Chase.com/MyHome webpage facilitates you in finding the best option to reduce your financial stress with comfort of your home. This facility helps you focus more on your solution; ultimately you will find the BEST option. Fast means really fast at the page, as you can access all the information with a click only.
Have a look on right side of the page, you will get direct links for all helping options offered by Chase Homeownership Center. Multiple options are available over there; choose as per your requirement. Under the first title - How to keep my Home? you will get two options, Loan Modifications and Other Retention Options to avoid foreclosure.
When the homeowner is not in a position to make payments under the existing mortgage loan contract or think they may fall behind owing to a recent change in their financial situation, then Loan Modifications option help them get back on track, and also help them find out programs that make your mortgage loan payments more affordable. Such modification programs include change in terms of a loan, generally the interest rate and/or maturity date, etc.
Each and everything that you need for Loan Modifications is directly available on the page and finding out such programs is absolutely free. Important links - Checklist, Package, Profit and loss statement, FAQs - are available in PDF formats. Even, Mortgage Assistance Application Video is available with step-by-step instructions on how to complete requisite form. For getting more information, other important topics like Eligibility, Mortgage Modification and Potential Outcomes, Where to Send Your Documents, etc. are given with detailed knowledge.
Other Retention Options
It is good to assess homeowners for a Home Affordable Modification earlier than evaluating them for other options, but Loan Modifications is not the only option, in case if you are not eligible for Modification, you can go for other workout options to keep you in your home or direct you to other foreclosure alternatives.
More and more Americans have recently become unemployed, such people may qualify for a program that offer short-term financial relief by reducing your monthly mortgage payments till you appear for a new job. This relief is called Forbearance. Even, there is a federal government's Home Affordable Unemployment Program (HAUP) where borrowers, who are out of work and struggling to make their monthly mortgage payments, can get extra help. You can check your eligibility for the program online as well as apply for the program online, with no hassle. FAQs section is available to solve your additional queries.
As a homeowner, it is only your decision whether you want to stay in your home or sell it. Other retention options link directs you towards multiple options, so you will surely find the suitable one keeping in mind your situation. If you don’t want to lose your sweet home and have the ability to resume monthly payments, either currently or in the near future…then wait, you can go for Home Retention Options - Repayment Plan, wherein you are given an option to pay off the delinquency over a period of time by making your monthly payment along with a portion of the delinquent amount, every month. Another Home Retention Option is Partial Claims - for FHA Loans Only, with this, Chase helps you obtain a one-time payment from the FHA Insurance fund to carry your mortgage.
Unfortunately, if you don’t want to hold this mortgage burden anymore, then Chase.com/MyHome also has Foreclosure Alternatives for you. Here are two options, either you prefer short sale or release your property to Chase. Both options come with detailed knowledge; once you read and decide the one, you can also submit your request directly from the same page. On Chase.com/MyHome, you will not only find a quick understanding of the program but also get enough assistance including complete information about upcoming Homeowner Assistance Events and contact details of many groups and organizations, which focused on foreclosure prevention along with direct links. All such important information can be accessed through Other resources link.
Those struggling customers, who find the mortgage issue very seriously, can visit the Chase Homeownership Centers for face to face meeting with loan advisors. There are so many Chase Homeownership Centers across the country to help thousands of struggling families stay in their homes at any time. Even, there are thousands of loan advisors available by telephone to help struggling customers. You can easily find call details and location details along with driving directions for all Homeownership Centers with a single click on Find Us link.
Some states in America, where housing has been mainly affected by economic decline, are funded by the U.S. Department of the Treasury to give homeowners mortgage support. It is called Hardest Hit Fund that helps victim homeowners in making their mortgage payments. The Hardest Hit Fund program includes 3 specific programs - Reinstatement, Unemployment and Transition assistance. You may have some questions whether there is a program available to you through your state's Hardest Hit Fund program and Chase or not. If yes, then what is customer eligibility and How to apply? All your questions are answered with a single click at the same page. Even, there is a map view to know about those specific states names having The Hardest Hit Fund program.
You can find complete location details for your nearby Chase Homeownership Centers right on the home page, even selecting location from drop down box makes things bit more easier. For fast response, Quick Links option is available to offer you direct access to useful and important links. Even, you can directly apply for the Home Affordable Modification program on home page. If you are interested to join Homeowner Assistance Event, then you will be completely informed with details at home page, with a single click. Being online service provider, Chase.com/MyHome makes you updated with all notifications linked to National Mortgage Settlement.
Overall, once you make your visit at Chase.com/MyHome, you would be surely stress-free and get the right way for your mortgage settlement. As it is online, you need not to have Special time to make visit it, also no need to waste your money as it is totally free to use. So, make your visit at least once…
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