What Customers Should Know About Chase Bank Home Loan Modification

Homeowner Stability Initiative. This program, which works with borrowers and lenders, will reduce your mortgage payment to just 31% of your monthly before tax income.

There are, of course, some conditions:

* You must be an owner-occupant

* Your debt must be no higher than 9,750

* Your mortgage must be initiated prior to 2009

* You have to be paying more than 31% of your gross income

* Your loan cannot have been modified before

If you need some help getting back on your feet financially and you think you might be eligible, consult with a financial counsellor. This President’s plan was initiated to help