JPMorgan Chase, Bank of America offer mortgage relief to Los Angeles wildfire victims

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As Los Angeles residents deal with the aftermath of one of the most devastating wildfires in the city’s history, JPMorgan Chase and Bank of America are stepping in to provide much-needed financial relief to affected homeowners. Both banking giants have announced mortgage deferral schemes to help customers recover from the devastating impact of the fires. JPMorgan revealed on Monday that its Chase Home Lending arm is offering disaster extensions to mortgage customers affected by wildfires. Similarly, Bank of America confirmed that its relief package includes mortgage forbearance tailored to meet the needs of individual customers. Forbearance allows borrowers to temporarily pause loan payments or reduce their monthly payments, providing important financial breathing space during the crisis. These measures are designed to help homeowners cope with the challenges posed by wildfires, rebuild and recover. The relief plan comes as thousands of Los Angeles families face property damage, displacement and severe financial stress during this catastrophic natural disaster. JPMorgan Chase and Bank of America aim to ease the burden on affected residents and support their path to recovery by easing repayment terms. If you are a mortgage customer of either agency and have been impacted by the wildfires, please contact their customer service team for assistance with relief options that may be available to you. This proactive move by two of the nation's largest banks demonstrates a commitment to supporting customers during a time of great need. Like this: Like Loading… Discover more from Baller AlertSubscribe to get the latest posts delivered to your email.

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