The economy is struggling and the housing market is in even worse shape. This is why President Obama enacted his “Making Home Affordable” plan. This plan will allow millions of homeowners the chance to refinance or get a home loan modification into an affordable 4% fixed rate home loan. Qualifying to use this plan is easy, and savings of hundreds every month is very possible.

A lot of homeowners are facing some type of financial hardship which is making it harder and harder to repay their mortgages every month. Now, using this plan from President Obama, a homeowner who has lost their job, had their income reduced, is facing hospital bills, credit card debts, and a whole list of other types of hardships can use this plan. This will enable a lot of homeowners who would never have been approved for a refinancing or mortgage modification the chance to obtain a new, more affordable, monthly home loan payment.

Throughout this housing meltdown, home values all over the country have dropped. A lot of homeowners now live in a home which is worth less than what they still owe on it. Well, using this “Making Home Affordable” plan, a homeowner can now refinance even if they owe up to 5% more on their mortgage than the homes actual market value. Automatically, this will enable millions of homeowners a chance to refinance or modify their home loans, while a few months ago prior to Obamas plan they would not dream of being approved.

There are an estimated 9 million homeowners who can use this plan, right now, to save themselves hundreds of dollars per month, or their home from foreclosure, by getting a refinancing or mortgage modification. It is really easy to use this plan to your advantage and brighten up your financial future. There has never been an easier, or more beneficial, time for a homeowner to refinance or modify their mortgage, easily, and for big savings. Use Obamas “Making Home Affordable” plan for yourself today and see how much you will save every single month.

-M Petrone

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