Did you already ask for mortgage loan to Chase firm? For whatever reason you might have for it, you can be sure to expect good service from the firm. If you have one already, it is possible to ask for modification at some point later. That being said, there are requirements that have to be met. Then, can it be possible to ask for Chase mortgage loan modification for our second lien? In order to find this matter out, let’s just discuss about it further in this opportunity since this is pretty interesting case to talk about. Here we go below then.
Chase Second Lien Modification Program
Since each client is allowed to have more than one loan and modify it later, the firm understands that people are bound to ask the possibility of modification for that loan too because of that. People have their own reasons to do so. To help them in just any ways possible, the firm makes Chase mortgage loan modification possible for the second lien too. Just like there are programs to modify the first, there is certain program of Chase mortgage loan modification that will do the job for the second. What is this very program then?
This program we are talking about here is none other than Chase Second Lien Modification Program. As the name suggests, this is the program you will have to apply for second loan modification. That being said, you will have to eligible for it before you can really proceed with Chase mortgage loan modification. First than anything, you must have already originated the close-end second lien loan or the line of credit about 9 months ago at least. The mortgage payment has to be not affordable and the home has to be livable without doubt.
The Other Programs for Difficult Payments
The above program of Chase mortgage loan modification is not the only one that the firm can offer to offer their clients with. Sure, modifying loan can help clients dealing with their financial situation. However, what if we are having trouble making the monthly payments for the mortgage to begin with? Can they help in any ways? There is no need for you to worry. This is Chase firm we are talking about here. Their programs are not all about Chase mortgage loan modification only after all. There are other helpful programs to consider too.
Among all programs the firm can offer, there are the ones that can help people dealing with the problem of not being able to pay off the Chase mortgage. Since you can’t afford to remain living in the house anymore, the firm will suggest you to do either Short Sale or Deed-in-Lieu. Short Sale has you to sell the home with the total price less than the owed mortgage balance, while Deed-in-Lieu has you to give the property back to the firm. You see it now Chase covers useful programs other than for Chase mortgage loan modification.