Chase has opened dozens of mortgage assistance centers in different parts of the country. The other location is in Chicago, Illinois. The homeowners can go to this location to get free information about mortgage programs and how to avoid foreclosure.
The lender has different options to help homeowners, like loan modifications and repayment plans. They also have a program specifically for people who are unemployed and own a home in Milwaukee, Wisconsin. JP Morgan Chase is offering a variety of services to help homeowners who are struggling.
The center offers many options to borrowers who took out a loan from Chase or EMC and who are struggling to pay their mortgage. There are resources available to help you keep your home and avoid foreclosure. There are people who are trained to help people who are struggling to pay for their home or are in danger of losing their home. These people will help you look at your finances and figure out what options you have. All of the advice and help is free. If you see a specialist, they will give you undivided attention and keep everything you tell them private.
Chase decided to open the community wide Homeownership Centers so that borrowers can have a one-on-one conversation with a specialist about their situation. It is important to have open and direct communication to ensure that help can be given in a timely manner.
The Homeownership Preservation Office at Chase manages programs and centers that have helped hundreds of thousands of people across the nation with their mortgages since 2009. Many people have avoided foreclosure by working with their lender.
In total, the banks have written over 1.1 million mortgage modifications. These terms primarily reduce interest rates, extend the term of the existing loan, and/or provide principal deferral. So even small changes can have a big impact. The homeowner may have more time to repay their home loan, or the reduction in interest rates and principal may be able to help them save money on their mortgage.
Many people who own homes have had difficulty paying for things due to the economy or their health. If you have experienced a decrease in income or financial hardship, the repayment plan allows you more time to recover. If you have any unpaid balances, you will need to pay them off gradually over time.
Contact for the Milwaukee Center
Many families in the area are in danger of losing their homes, so the services that help them are in high demand. It is a good idea to call ahead to make an appointment. The Chase Homeownership Center is a resource for potential and current homeowners in Milwaukee. They offer a variety of services, including education and counseling on homeownership, and assistance with mortgage financing. The center is open Monday through Friday, 9am to 5pm.