Great news from Keep Your Home California- Wells Fargo is also participating in the Principal Reduction Program!
The banking giant – best known for its decades-old stagecoach marketing campaign – has joined Keep Your Home California’s Principal Reduction Program, which offers homeowners as much as $100,000 to reduce their mortgage principal and monthly payments.
Keep Your Home California is anticipating the bank’s participation will lead to many more homeowners applying for mortgage assistance and allow them to get the help they need. If approved for the program, homeowners can save hundreds of dollars every month and tens of thousands of dollars over the life of their mortgage.
Wells Fargo joins several other major banks, including Bank of America and Chase participating in the Principal Reduction Program.
Keep Your Home California has made some big changes to the Principal Reduction Program, all in an effort to attract and make it easier for homeowners and mortgage servicers.
Most notably, the program eliminated the dollar-for-dollar match requirement…
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