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Wells Fargo offers mortgage assistance to troubled Arizonans

Some consumers in Arizona who are having financial problems so severe they cannot afford to pay their mortgage bills may soon be able to find some relief.

Wells Fargo, one of the nation's largest mortgage lenders, will soon host a workshop for Arizona-based customers who are severely delinquent in making their monthly home loan payments, according to a report from Phoenix news station KPHO.

Severely troubled borrowers will be presented with a number of options for getting their finances back on track, the report said. These may include loan modification through the lender directly, or help enrolling in similar government programs.

Many other consumers may not be able to qualify for these modification programs, but may still be looking for relief. With this in mind, it may be helpful to seek a refinance. Using our online rate tables to get the best local mortgage rates may save homeowners hundreds of dollars a month on home loan payments.

The company will have close to 200 mortgage professionals on hand to answer questions at the two-day event, which will be held at the Phoenix Convention Center later this week, the report said.

Written by Candice Yee of Informa Research Services.
Author: Candice Yee
May 6th, 2011