Mortgage refinancing and modification are easier than ever thanks to Obamas “Making Home Affordable” plan. This plan lets millions of homeowners get a better mortgage through new refinancing and home loan modification options. Homeowners everywhere can use this plan for themselves.

This is a $75 billion mortgage bailout plan that aims at helping struggling homeowners. This plan will provide mortgage relief to many homeowners who can not afford their mortgage, and are at risk of losing their home. Mortgage foreclosures and home loan defaults are at all time highs right now, and this plan helps millions of homeowners get themselves into a better financial position.

Home loan modification is available to all homeowners with a mortgage from Fannie Mae or Freddie Mac. Also, new mortgage modification programs are in place to help all homeowners get a better mortgage. With the extremely high number of foreclosures happening right now, homeowners are finally getting some assistance they needed. Banks and mortgage lenders get money every time they help a homeowner with their mortgage. This stimulus money is given to select lenders who help homeowners. Their will be no closing costs or other fees for homeowners who use this plan.

With so many homeowners hurting right now, this plan comes at a perfect time. Add to that the fact that mortgage interest rates are near all time lows, and refinancing makes sense for a lot of people. Homeowners should get in contact with their mortgage lender or bank and see how much they could potentially saving by using this plan for themselves.

With these new programs in place, mortgage refinancing and modification have never been easier. Take control of your situation, and get a better mortgage today.

-M Petrone

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