Wells Fargo has been approved to offer President Obamas "Making Home Affordable" plan to millions of struggling homeowners. This plan comes at a time when many homeowners are facing losing their home to foreclosure, or will soon face foreclosure because they can barely afford their mortgage payments. With this plan though, millions of homeowners can easily get a refinancing or mortgage modification into a better, more affordable loan.

This will be possible because the Obama stimulus plan has over $75 billion in cash incentives to give to mortgage lenders and banks who help homeowners get a better mortgage. This money helps cover the risk a lender or bank takes on when attempting to help struggling homeowners. Now, many of the approved lenders and banks have eased their restrictions on refinancing and modification, and can offer more options to more homeowners.

Many homeowners who are eligible to get help from this stimulus plan would not have gotten help before this program existed. This mortgage bailout plan, and Wells Fargo, offer a real chance for homeowners in all types of situations. Homeowners can get help if they:

-Owe more on their mortgage than the house is worth.

-Are facing financial hardships, loss of job, a rising ARM interest rate, or other money problems.

-Have bad credit and are stuck in a home which is losing value.

-Are paying more than 31% of their gross monthly income towards their monthly mortgage payment.

The mortgage refinancing stimulus plan will help millions of people. Never before has getting approved for refinancing or mortgage modification been so easy. If you are a homeowner who is facing any type of financial, or mortgage problems, contact Wells Fargo. They are one of the few approved mortgage lenders who can offer this plan to homeowners.

-M Petrone
www.RefinancingCondo.com

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