Fannie Mae and Freddie Mac are now offering new mortgage modification programs for homeowners. This is because of President Obamas $75 billion housing stimulus program. Here are some things homeowners should know about Fannie Mae and Freddie Macs new mortgage modification options.

Homeowners all across the country are struggling to make their home loan payments. Since things are so bad, the Obama administration has enacted a housing stimulus program to help homeowners. This stimulus plan is designed to help homeowners avoid losing their home to foreclosure or loan default and get them into a better, and affordable monthly home loan payment amount.

Fannie Mae and Freddie Mac have been specifically called upon and are offering these new mortgage modification options to homeowners. Nearly any homeowner with a mortgage through either Fannie Mae or Freddie Mac can get a mortgage modification, save money, and prevent their home from being lost. This housing stimulus from Obama is designed to help struggling homeowners and that means many people are eligible for help from it.

Homeowners facing financial hardships
, bad credit problems, an upside down mortgage, or other financial issues can now get a mortgage modification from Fannie Mae or Freddie Mac. Before this stimulus program existed, homeowners with these problems would have a extremely hard time finding help with their home loan modification. Now though with Obamas stimulus in full effect, homeowners are getting help easier than ever before.

Homeowners should take advantage of these new mortgage modification options from Fannie Mae and Freddie Mac and get help. Many people can easily save a lot of money by taking advantage of low interest rates and new Government backed mortgage modification programs.

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

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