Ditech is taking part in President Obamas “Making Home Affordable” stimulus plan and offering new refinancing and mortgage modification options to homeowners. These new options are available to nearly all homeowners and will help people lower their monthly payments and avoid foreclosure. Millions of homeowners are able to use Ditech and these new options for themselves. Here are some thing you should know.

Ditech is one of a few selected mortgage lenders and banks who are approved to offer the stimulus plan and its options to homeowners. That means that homeowners looking to refinance should consider Ditech due to the benefits that may be available thanks to Obamas $75 billion stimulus plan. Some of the biggest benefits include:

-Monthly mortgage payments that are less than 31% of a homeowners gross monthly income. This includes taxes, insurance, and other home costs.

-Mortgage interest rates as low as 2% and the ability to extend mortgages in length in order to lower payments.

-The ability for homeowners with bad credit or upside down mortgages to get approved for mortgage refinancing or modification.

-No closing costs for refinancing a mortgage with Ditech and other lenders or banks who are offering refinancing options from Obamas stimulus.

While there are many other benefits to refinancing a mortgage, these are some of the major benefits of President Obamas stimulus program. Ditech has been chosen due to their experience and proven record of helping homeowners. With over $75 billion in funding, Ditech and other approved lenders and banks now have the financial backing and flexibility to offer homeowners more refinancing options than ever before. This will hopefully lower the rate of foreclosures and increase stability and home prices across the country.

Ditech mortgage refinancing options now exist for all homeowners. Even if you have been denied before, have bad credit, owe more than you home is worth, or are facing other financial problems, you can still get the help you need. Contact Ditech today and ask how President Obamas stimulus program can help you.

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

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