Mortgages through Wells Fargo are now easier to refinance or modify thanks to President Obamas “Making Home Affordable” plan. This plan will allow a homeowner a chance to refinance or modify their home loans into low interest fixed rate mortgages, with more affordable monthly payments. Here is some information for homeowners who use Wells Fargo, and are looking to refinance or get a mortgage modification.

Homeowners, especially in todays economy, are facing all types of financial hardships. These include loss of job, reduced income, high hospital bills, high credit card debts, bad mortgages, and a whole list of other hardships, can use this plan, and Wells Fargo, to get a refinance or mortgage modification. This will help lower the rate of foreclosures and homeowners defaulting on their mortgage. Wells Fargo, President Obama, and homeowners know that losing a home benefits no one, and will work with homeowners to lower their monthly payments.

This tough housing market has also left a lot of homeowners with a mortgage that is worth more than the homes market value, even after years of payments. Now, a homeowner can refinance or get a home loan modification with Wells Fargo, even if they owe up to 5% more than their home is actually worth. This makes a lot of homeowners, who previously would not be approved, a chance to get refinancing or a home loan modification and save their home, or improve their financial position.

Homeowners everywhere should jump at this great chance to get a mortgage refinance or modification through Obamas stimulus plan. There has never been a more beneficial time, or easier chance, for a homeowner to get refinanced or a loan modified into an ultra low interest rate. The savings easily add up to thousands of dollars per year, and are there for the taking. Take action now.

-M Petrone

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