Mortgage refinancing and modification is easier than ever for homeowners who choose Bank of America. This is due to President Obamas “Making Home Affordable” plan which is a $75 billion plan designed to help struggling homeowners, and Bank of America is taking part. Homeowners can now easily get a much more affordable mortgage through refinancing or getting a home loan modification with Bank of America. Here is how:

With Obamas plan providing cash to mortgage lenders and banks who approve “at risk”, or homeowners facing financial hardships, Bank of America is approving more applications than ever. Their risks are minimized by the stimulus money, which allows them to be more flexible in their lending and refinancing terms. Getting approved for a better home mortgage through refinancing or modification has never been better, or easier, for a homeowner to get.

Financial hardships of all kinds, including loss of job, reduced income, hospital bills, or other high debts, can help a homeowner get approved from Bank of America for a refinance or modification. Even homeowners who have been denied before, or fear they will not be approved due to bad credit, stand a good chance at getting an approval from Bank of America. Homeowners facing financial hardships should include a letter indicating them along with any proof, such as bills and bank statements. This will increase your odds of being approved and getting a much more affordable mortgage payment every month.

Bank of America is going to help a lot of homeowners through refinancing or mortgage modification. The savings can easily equal hundreds of dollars every month. This plan from Obama will help a lot of homeowners avoid defaulting on their home loan, or losing their home altogether to foreclosure. Take action now and call Bank of America today and see the potential benefits of refinancing your mortgage.

-M Petrone

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