The recent announcement of President Obamas “Making Home Affordable” plan is good news for homeowners who have a mortgage with Wells Fargo. Now, homeowners who use Wells Fargo can get a fixed rate 4% home mortgage through refinancing or loan modification using Obamas plan. Over 9 million homeowners can use this plan for themselves. Here is how it works:

Financial hardships, which many people are facing in this bad economy, including loss of job, reduced income, hospital bills, credit card debts, and a whole list of other things are reasons that Obamas plan should be used. Now, a homeowner who is facing these hardships can use the stimulus plan and Wells Fargo to refinance or get a home loan modification. This will help ensure homeowners do not fall into, or can get out of a pending foreclosure.

Another great benefit of this plan for homeowners is the fact that even homes in which the market value of which is up to 5% lower than the mortgage amount. This means that homeowners who have a mortgage that is actually worth more than the home, can still get a refinancing or mortgage modification into a 4% fixed rate home loan. Also, homes which have decreased in value by 15% or more as a result of the housing meltdown can now get a mortgage refinance or modification into a much more affordable, and appropriate home loan.

When a homeowner has the luxury of working with a mortgage lender such as Wells Fargo, they can be certain they have the best people in the industry working for them. Mortgage refinancing or modification is a very big decision to make, you want experts helping you. Wells Fargo takes pride in its reputation, and will do whatever is in their power to help save your home. Do yourself a favor and call a lender today and see just how much money you could save, through reduced interest payments, every month.

-M Petrone

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