Home > 2011 > Mortgages > Chase to Open More Home Loan Counseling Centers

Chase to Open More Home Loan Counseling Centers

Advertiser Disclosure Comments 0 Comments

Chase to Open More Home Loan Counseling CentersJPMorgan Chase will open 25 new homeownership centers in 19 states all over the country to better help cash-strapped consumers avoid the threat of foreclosure, according to a report from the company. These centers provide Chase customers with the ability to sit down with a company representative and find ways to keep their home even as money problems mount.

“The best way to help borrowers find ways to stay in their homes is to sit down face-to-face and discuss their individual circumstances,” said David Lowman, chief executive officer of Chase Home Lending. “We educate borrowers on their options and help structure a solution that’s right for them.”

[Related: Misconceptions May Keep Homeowners From Getting Low-rate Refi’s]

The new centers will include the first locations in 12 states, such as Connecticut, Indiana, Kentucky, Louisiana, Maryland, Massachusetts, Minnesota, Missouri, North Carolina, Oregon, Utah and Wisconsin, the company said. It will also add to the number of counseling centers in California, Florida, Illinois, New York/New Jersey, Texas and Washington.

In all, Chase will soon have locations in 27 states and Washington, D.C.

Many consumers who have had serious trouble paying their monthly mortgage obligation may seek out various programs that allow them to renegotiate the terms of their loans to make them more affordable.

Comments on articles and responses to those comments are not provided or commissioned by a bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser. It is not a bank advertiser's responsibility to ensure all posts and/or questions are answered.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

Certain credit cards and other financial products mentioned in this and other articles on Credit.com News & Advice may also be offered through Credit.com product pages, and Credit.com will be compensated if our users apply for and ultimately sign up for any of these cards or products. However, this relationship does not result in any preferential editorial treatment.