There is a great new home mortgage refinance or modification program available to millions of homeowners thanks to President Obama and his “Making Home Affordable” stimulus. Homeowners taking advantage of this program would receive a 2% home mortgage refinance or modification. It is easy to apply and millions are eligible, here is how:

-Homeowners who are facing foreclosure on their home can now get a fact track mortgage refinance and have a better chance at saving their home. This refinance will have the same 2% interest rate that is available to all homeowners.

-The Federal Reserve and President Obama want to see home interest rates set at a fixed 2% and will regulate them in order to do so. This will be done by offering cash incentives to mortgage lenders and banks who approve at risk homeowners and those who otherwise would not get approved for a refinance. This means that it is easier than ever to refinance or modify your home loan.

-Homeowners who have a home loan insured, or financed by Freddie Mac or Fannie Mae are automatically eligible to modify their home loan into a new 2% fixed rate. This is a no strings attached offer extended through President Obamas home mortgage stimulus plan.

-Homeowners facing nearly any type of financial hardship are eligible to receive a home mortgage refinance into a 2% fixed rate loan. These hardships can range from medical bills, to tuition payments, even credit card debts. All that is required is a letter of “Financial Hardship” signed by you stating your problems.

Refinancing or modifying a home mortgage
has never been easier or financially better for homeowners than it is right now. Do the right research and take advantage now.

-M Petrone
www.RefinancingCondo.com

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