A lot of homeowners need to get a more affordable monthly mortgage payment. Chase is one of the mortgage lenders approved to offer President Obamas “Making Home Affordable” plan. This is a $75 billion dollar plan which will help millions of homeowners. Here is how it works, and what you need to know to get a refinancing or mortgage modification with Chase.

Loan modification has never been easier for a homeowner to obtain. Right now, millions of homeowners are eligible to modify their loan and do not even know it. Chase has mortgage professionals, locations all over the country, and the experience needed to get you on the path to a mortgage modification. Especially now with Obamas housing bailout program in full swing. This bailout plan will give a bulk of the $75 billion to mortgage lenders and banks, like Chase, who approve homeowners who are “at risk” of losing their home, or are facing other financial hardships. The financial hardships can be an increase in your home loan payments, loss of a job, hospital bills, or other unavoidable expenses. Be sure to include a handwritten letter stating these facts, and sign it. This will help you chances of getting approved with Chase.

When you decide it is the right time to pursue refinancing or mortgage modification with Chase, make sure to properly and accurately fill out all of the forms. Do not just put some information down and hope that you will get approved. This is a big key in successfully getting approved for a mortgage refinancing or modification with Chase.

-M Petrone

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