Homeowners with mortgages from either Fannie Mae or Freddie Mac are eligible to get a mortgage modification from new Government stimulus programs. These programs allow homeowners to take advantage of low interest rates, and save money on their payments, or their home home from being lost. Getting a mortgage modification using this stimulus plan and Fannie Mae or Freddie Mac is easy.

The new guidelines for mortgage modification with Fannie Mae or Freddie Mac are very beneficial for millions of homeowners. Especially these days, many people need help with their home loan, and this plan is designed to help struggling homeowners in all situations. A huge part of this Government program is the fact that all homeowners who pay more than 31% of their monthly income to their home loan, are now able to get a modification into a lower interest rate. This 31% figure also includes taxes, insurance, and other fees. This will be a major reduction for millions of homeowners, and could help save homes from being lost to foreclosure or default.

Even homeowners who owe more than the home is worth, or who have bad credit and other financial problems can easily get help from this program. In fact, this program is designed to benefit those homeowners the most of all. This plan has over $75 billion in funding, and all homeowners with a loan from Fannie Mae or Freddie Mac can benefit from it.

Never before has such a widespread plan been enacted which will help so many homeowners. Everyone with a mortgage from Fannie or Freddie is encouraged to contact them and see what help is available, and what the plan will do for them. Many homeowners have already used this program for themselves, but millions more are eligible to. Take action now.

-M Petrone
http://www.RefinancingCondo.com

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