Mortgage modification options now exist for all homeowners with a mortgage from Fannie Mae or Freddie Mac. According to President Obamas stimulus plan, Fannie Mae and Freddie Mac must offer affordable mortgage solutions by offering new home loan modification options to nearly every homeowner they work with. Here is how President Obamas stimulus plan helps homeowners with a Fannie Mae or Freddie Mac mortgage save money through a loan modification.

According to President Obamas stimulus plan, homeowners with a mortgage from either Freddie Mac or Fannie Mae can get see some big benefits. Some of those include:

-Easy qualification requirements that nearly every struggling homeowner meets. Since so many people are facing financial hardships, the plan makes it super easy for homeowners with bad credit or other problems like an upside down mortgage to get approved for mortgage modification.

-No cost mortgage modification if it is through Fannie Mae or Freddie Mac using Obamas stimulus program. The cost for a mortgage modification can be thousands of dollars that most struggling homeowners obviously do not have. This makes mortgage modification much more available to many people.

-Mortgage interest rates can be reduced to as low as 2% and the home loan can be lengthened in order to meet President Obamas stimulus plan requirements. This will be done in an effort to reduce peoples monthly mortgage payments to less than 31% of their gross monthly income.

Millions of people can use this program for themselves, save a lot of money, and prevent their home from being lost. Mortgage modification has never been this easy to get or this beneficial. Contact Freddie Mac or Fannie Mae today and see what home loan modification options exist for you.

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

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