Wells Fargo has new home loan refinancing and modification options which allow millions of homeowners the chance to save a lot of money, or their home from being lost. These new options are available because of President Obamas “Making Home Affordable” program. This mortgage bailout plan is aimed at helping the estimated 8 million homeowners who are struggling. Here is how this program works:

Bad credit, bad mortgages, financial problems, low equity in the home, or a home that has dropped in value, are all reasons that homeowners are facing problems. It is believed that 1 in 8 homeowners is at risk of losing their home. This plan will allow selected mortgage lenders and banks, like Wells Fargo, the ability to offer amazing new loan options to homeowners in all types of bad situations. Money will be given to the selected lenders every time the follow the plans guidelines, and approve a struggling homeowner. Also, additional cash incentives will be given to the mortgage lender whose clients are able to successfully make their payments every year, for up to 5 years. This means that there is more reason than ever for a mortgage lender or bank to try to approve as many homeowners, with truly beneficial refinancing options, and cover their potential losses at the same time.

Not all mortgage lenders and banks are approved to offer this plan to homeowners. However, Wells Fargo is. They are one of the largest, most respected companies in the industry, and strive to help every homeowner. They also have the connections, funding, and experience needed to help homeowners save their home from being lost to foreclosure or mortgage default. Wells Fargo, besides being approved to offer this stimulus program, is one of the best lenders you can work with, especially when refinancing.

Getting help is not hard to do. These new mortgage refinancing options will help millions of homeowners get into a mortgage they can actually afford. Do not let your situation get worse and put off trying to get help. This stimulus program can, and is, helping homeowners all across the country. Never before has such a big mortgage bailout plan been available to so many homeowners. This is truly a great chance to save your home, save money, and preserve your financial future.

-M Petrone

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