Fannie Mae and Freddie Mac are now able to offer millions of homeowners a way to save money and prevent their home from being lost because of President Obamas stimulus plan. Fannie Mae and Freddie Mac are both participating in this program and are offering new mortgage modification options to all homeowners. Here is how to get a home loan modification with Fannie Mae or Freddie Mac by using Obamas stimulus program.

Over $75 billion is being used to assist homeowners and enable lenders like Fannie Mae and Freddie Mac to offer truly beneficial mortgage modification options to a lot more people than they would have been able to without the money. All homeowners are eligible to get a home loan modification and there are many benefits including:

-Mortgage payments will be lower than 31% of a homeowners income every month.

-Guaranteed approval for homeowners who have a home loan with either Fannie Mae or Freddie Mac.

-Home loan interest rates can be lowered to 2% to meet Obamas stimulus program rules.

-Bad credit, bad debts, upside down mortgages and other problems are not going to stop a homeowner from getting approved for mortgage modification.

This program is designed to lower the foreclosure and home loan default rate and improve market stability. This stimulus will help many people, entire neighborhoods, and the overall economy. Homeowners need to take action now and contact Fannie Mae or Freddie Mac today to see what options are available to them with Obamas housing bailout plan. It is easier and more beneficial than it ever has been before to get a mortgage modification. The best part is that it is guaranteed.

-M Petrone

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