Are you in a mortgage which you can barely afford? At risk of losing your home to foreclosure or mortgage default? Than the “Making Home Affordable” plan can help you. This is a mortgage bailout for millions of homeowners who need help.

With foreclosures and mortgage defaults at all time highs, homeowners need help. This plan will allow millions of people the chance to get a better, more affordable, mortgage through new refinancing and modification options. These new options will drop interest rates to as low as 2%, or even extend the length of the home loan. Either of which will lower the monthly mortgage payment by a lot, and possibly help a homeowner avoid losing their home.

With over $75 billion in funding, this plan has the potential to save millions of homes. Most of this money is being given to mortgage lenders and banks who approve at risk homeowners. This means that it is truly in the lenders or banks best interest to give you the most affordable home loan ever. Mortgage lenders or banks who want to use this plan to assist a homeowner, must follow the programs guidelines. One of the major points of this program is to leave a homeowner with a monthly mortgage payment which does not exceed 31% of the homeowners gross monthly income. This can be a reduction of 15% or more in payments every month for many people.

Right now, mortgage refinancing and modification are easier and more beneficial than ever before for millions of homeowners. If you are in any type of situation where losing your home is a real possibility, than use this plan for yourself. Help is out there, and now it is easy to get. Take action now.

-M Petrone
www.RefinancingCondo.com

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