Homeowners who are interested in getting a home loan modification or refinancing their mortgage should look into President Obamas “Making Home Affordable” plan. This plan will allow millions of homeowners the chance to lock in a low 4% fixed rate through refinancing or loan modification. The requirements to be eligible for this plan are minimal, and the savings are huge. Here is what you should know:

The economy and housing markets are in bad shape, and this has hurt a lot of homeowners. Financial hardships such as loss of job, loss of income, hospital bills, bad mortgages, credit card debts, and other hardships further weaken the economy. However, this plan from Obama will allow homeowners to save their home from foreclosure, or avoid defaulting on their mortgage. The new 4% fixed interest rates which are available will save a homeowner hundreds of dollars every single month. This plan should curb the insane amount of foreclosures, and save a lot of homeowners from being foreclosed on in the future. Homeowners who would have never dreamed of being approved for a refinance or mortgage modification are not being accepted by mortgage lenders and banks everywhere, through use of Obamas “Making Home Affordable” plan.

This plan will save millions of homeowners from losing their home, and should help restore the housing market. Struggling homeowners are actually at an advantage when they decide to get a mortgage refinancing or modification. Mortgage lenders, banks, and President Obama know that foreclosures help no one, and are trying to do everything in their power to work with homeowners and save their home. Call your mortgage lender or bank and ask about Obamas “Making Home Affordable” plan.

-M Petrone

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