President Obamas “Making Home Affordable Plan” will let homeowners who have a mortgage with Wells Fargo refinance or get a loan modification into a 2% fixed rate. This plan will easily save homeowners hundreds of dollars per month. The guidelines of Obamas plan have been adopted by Wells Fargo to help an estimated 9 million homeowners save money, or their home from foreclosure.

Homeowners who are facing financial hardships, including loss of job, loss of income, bad home loans, hospital bills, or other debts, can now get a low 2% fixed rate home loan through refinancing or modification with Wells Fargo. A company as large and reputable as Wells Fargo will make the savings bigger, and the whole process easier. They have the experience and loan specialists to help homeowners in any financial situation. Wells Fargo also takes pride in its amazing customer service, and will go out of their way to help people avoid foreclosure, or defaulting on their mortgage. Now a large part of Wells Fargos customer base is eligible to use Obamas plan for themselves and save their home, or lots of money.

Included in this plan is a chance for homeowners who have seen the value of their homes decrease due to the bad economy, and worse housing market. Now homeowners who have seen the value of their home drop by 15% or more can refinance or get mortgage modification, even with the loss of value in their home. This will help a lot of homeowners who bought a home, and have been making payments, only to see the homes value dramatically drop. Now, homeowners are able to refinance a home loan even if they owe up to 5% more on the mortgage than the homes market value.

Refinancing or loan modification are great chances to save money every month through reduced interest rates, or better loan terms and conditions. Homeowners owe it to themselves to see how much they can save through use of this plan. Wells Fargo will be working with homeowners who wish to use Obamas plan, to help them save their home from foreclosure. Call your mortgage lender today and do yourself a favor.

-M Petrone

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