Homeowners should take advantage of President Obamas "Making Home Affordable" plan. This package allows homeowners the chance to refinance or get a loan modification into a 4% fixed rate mortgage. Millions of homeowners are able to use this plan and save a lot of money in interest payments, every month. Find out how you can take advantage of this plan:

This is a $75 billion housing bailout plan from President Obama designed to help homeowners everywhere recover from the tough economy, and the worse housing market. Homeowners are seeing the values of their home s drop, their ARM mortgages go sky high, losing their jobs, and facing all kinds of financial hardships. This plan will address those homeowners most in need and provide them a chance to save their home from foreclosure, secure their financial future with a better more affordable mortgage, or both. Homeowners who have a bad credit score, or have been denied a home loan refinancing or modification before should still attempt to use this plan as now, with the Governments money backing it up, mortgage lenders and banks are more likely than ever to approve homeowners who are “at risk” of losing their home, or facing other tough financial problems.

Also, another benefit of Obamas plan is that all residential mortgages held or financed by Fannie Mae or Freddie Mac are automatically eligible for refinancing or modification using the terms of the “Making Home Affordable” plan, which includes a 4% fixed rate home mortgage.

President Obama, the mortgage lenders and banks all know that no one wins if a homeowner is forced into foreclosure. Now, there is a chance for homeowners to get a mortgage refinance or modification into a much more affordable rate, which will drastically increase the odds of them keeping their home. This plan can easily be used by millions of homeowners right now all across the country. Call your mortgage lender or bank and ask for more information regarding President Obamas plan. It is most likely that this plan will save you hundreds of dollars per month.

-M Petrone
www.RefinancingCondo.com

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