Need help refinancing your mortgage? Have a monthly home loan payment that is too high? Want to take advantage of low interest rates? Well then there is some good news. President Obamas “Making Home Affordable” mortgage bailout plan is designed to help struggling homeowners get a better, more affordable, monthly mortgage. Here is how you can use this plan for yourself:

Right now, over $75 billion is going out to help homeowners get a better mortgage. This money is being given to mortgage lenders and banks as cash incentives to help homeowners. The only way to get this money is to approve a homeowner for mortgage refinancing or modification according to the stimulus plans guidelines. Mortgage lenders and banks will be able to help more homeowners because of this money. It will allow them to take more risks, without as much financial risk.

Even homeowners with bad credit, financial hardships, or mortgage problems are eligible to use this plan for themselves. The goal is to get homeowners into affordable payments so that they do not lose their home. Right now, foreclosure and mortgage default are at all time highs. This plan aims to help all homeowners from losing their home.

Even if you have been denied help refinancing before, odds are you can now get the help you need. All types of bad situations are covered under this plan, and millions of homeowners can use it for themselves. Take advantage of this program, and do not let your home be lost to foreclosure. If you need help, it is available. Take action, lower your monthly mortgage payments, and save your home from being lost.

-M Petrone

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