The struggling economy and worse housing market have left homeowners feeling helpless, and barely able to make their monthly home loan payments. Homeowners now have some hope though with President Obamas “Making Home Affordable” plan. This plan allows 4% fixed rate refinancing or mortgage modification, as long as a homeowner meets some simple requirements. Here is how it will benefit you:

Homeowners everywhere are facing financial hardships which make it hard to make their mortgage payments every month. Now, President Obama is helping homeowners who are facing “financial hardships” such as loss of job, loss of income, high credit card debts, hospital bills, and a whole wide variety of situations, can get a fixed rate 4% home loan through refinancing or loan modification. Millions of homeowners are able to use this plan from Obama to their advantage, and start seeing the savings on their next home loan payment. Homeowners who would have never been approved prior to Obamas plan should get their documents together and contact their mortgage lender or bank and see the potential savings by using this plan to your advantage.

Home values all over the country have been severely effected from the housing meltdown, and struggling economy. The record number of foreclosures, and mortgage defaults just compounded this problem. Now though, with the “Making Home Affordable” plan homeowners can save their home from foreclosure, or themselves from defaulting on their loan, through refinancing or mortgage modification with Obamas plan.

There are millions of homeowners facing financial troubles, this plan though should offer them some hope. Refinancing or mortgage modification can be a great way for a homeowner to save a lot of money every month through reduced interest payments. With all the chaos, hardships, and problems in the economy today, this plan is a big relief to millions who take advantage. You should call your mortgage lender or bank and see just how much you could be saving, especially now with Obamas plan, and take action.

-M Petrone

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