Loss Mitigation Help Resource
Chase Home Affordable Refinance
Chase Home Affordable Refinance Program
Chase Home Affordable Refinance Program is reserved for homeowners who have not been able to make current payments on their home loan. Homeowners can also qualify for this Refinance Program if they are unable to make payments in property value and the amount owed is not over 125% of the total value of the house. (This is considering market value). Some of the questions that a bank representative might ask a consumer to see if they qualify for this loan is when the last time the homeowner made a recent payment. They may also ask how many units are available in the home and whether the home is guaranteed by Freddie Mac or Fannie Mae. Homeowners can save money with the Chase Home Affordable Refinance Program.
What to Expect?
Generally a Home Affordable Loan refinance is processed like a regular refinance. Once you contact the Chase Loss Mitigation department it should take 30 to 45 days depending on how busy or overworked those guys are. If you do not qualify for the program, and there can be various reasons behind that, you can consider the other foreclosure prevention programs like the Home Affordable Loan Modification Program.
Beware!
Just hiring a loss mitigation specialist or a loan mod attorney cannot be an option. There have been many cases of people having spent thousands and getting nothing out of it. There can be NO option to learn about the process yourself. Contact the concerned officials at Chase and learn about how to proceed with the Chase Home Affordable program. The if you need you can contact a FHA certified Loan Mod assistant at 888-995-HOPE
Chase Home Affordable Refinance Program is reserved for homeowners who have not been able to make current payments on their home loan. Homeowners can also qualify for this Refinance Program if they are unable to make payments in property value and the amount owed is not over 125% of the total value of the house. (This is considering market value). Some of the questions that a bank representative might ask a consumer to see if they qualify for this loan is when the last time the homeowner made a recent payment. They may also ask how many units are available in the home and whether the home is guaranteed by Freddie Mac or Fannie Mae. Homeowners can save money with the Chase Home Affordable Refinance Program.
What to Expect?
Generally a Home Affordable Loan refinance is processed like a regular refinance. Once you contact the Chase Loss Mitigation department it should take 30 to 45 days depending on how busy or overworked those guys are. If you do not qualify for the program, and there can be various reasons behind that, you can consider the other foreclosure prevention programs like the Home Affordable Loan Modification Program.
Beware!
Just hiring a loss mitigation specialist or a loan mod attorney cannot be an option. There have been many cases of people having spent thousands and getting nothing out of it. There can be NO option to learn about the process yourself. Contact the concerned officials at Chase and learn about how to proceed with the Chase Home Affordable program. The if you need you can contact a FHA certified Loan Mod assistant at 888-995-HOPE
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Home Affordable Refinance Program
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