Are you a homeowner who has fallen on some tough financial times? Are you afraid foreclosure is not to far off? Are you in foreclosure right now? Could you use some extra money every month? If you answered yes to any or all of these questions and have a mortgage through Ditech (GMAC), you are in luck.

With 1 out of every 8 homeowners facing foreclosure, President Obama enacted his $75 billion “Making Home Affordable” plan. This plan will help millions of homeowners avoid defaulting on their mortgage, or going through foreclosure, through refinancing or mortgage modification into a fixed rate, low interest, home loan. Ditech (GMAC) is allowed to offer refinancing and home loan modification plan in accordance with Obamas mortgage bailout plan. Approved mortgage lenders like Ditech will receive cash from the Government for every homeowner facing foreclosure, or “at risk” financially. This means that getting approved for a home loan modification is now easier than ever, and more beneficial too.

This government stimulus money allows homeowners with bad credit, bad home loans, high debts, or facing financial hardships a chance to save their home, and money every month. This is possible because the money goes to the lenders to minimize any risks they are taking on by approving homeowners who would not have qualified otherwise. The only solid reason a homeowner would not be able to use this plan is if they have declared bankruptcy in the past.

Overall this plan will help the housing market, and the overall economy. Ditech refinancing and modification options are more plentiful than ever, and as mentioned, easier to get. Take advantage of this plan to save money every single month on your mortgage. Contact Ditech and see what they can do for you. They have the experience and connections to help almost any homeowner get into a more affordable home loan.

-M Petrone

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