Fannie Mae and Freddie Mac homeowners are in luck. The new Obama stimulus plan allows easy refinancing and mortgage modification options for all homeowners with a mortgage from Fannie or Freddie. This plan will allow these homeowners a chance to get a more affordable mortgage. Here is how:

All homeowners with a mortgage from Fannie Mae or Freddie Mac are eligible for mortgage modification. This means struggling homeowners are now able to get the help they need to avoid losing their home to foreclosure or mortgage default. With so many homeowners in trouble, this plan provides a chance to get out of financial problems or bad mortgages, which so many people have. Never before has such a massive stimulus plan for homeowners been implemented.

Homeowners can get lower mortgage interest rates, adjust the length of their mortgage, or get lower mortgage payments. This is automatic for all homeowners with a mortgage from Fannie or Freddie. Even homeowners who owe more than the homes worth, have lost their job, or have a lot of other debts, can get their mortgage payments lowered, and lower the chance of getting foreclosed on, or losing their home to mortgage default.

Fannie Mae and Freddie Mac are two of the largest mortgage lenders in the country, and they are ready to help homeowners. The new stimulus plan from President Obama will save millions of people a lot of money, or their home. Using this plan for yourself is easy, and homeowners should use it if they are in any kind of financial trouble. Get a better home loan now, while this homeowner stimulus plan is in effect.

-M Petrone

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