Wells Fargo is taking part in President Obamas housing stimulus plan and is now able to offer nearly any homeowner a mortgage refinancing option that will save them a lot of money ever y month. The “Making Home Affordable” stimulus plan from Obama has selected a few lenders and banks to provide their new home loan refinancing options to homeowners, and Wells Fargo is one of them. Here is what homeowners need to know about refinancing a mortgage with Wells Fargo and the Obama housing stimulus.

Wells Fargo is one of the nations leading lenders and is now able to offer new mortgage refinancing options for nearly any struggling homeowner. Since so many people are struggling to keep their homes, something needed to be done to help. That is why the Obama administration enacted this $75 billion housing plan. The plan was intentionally designed so that homeowners with bad financial problems, upside down mortgages, or other problems can get approved for mortgage refinancing that will save them money every month. The foreclosure and mortgage default rate are at all time highs right now and that makes the housing market even less stable and effects a lot of people in a negative way.

Wells Fargo mortgage refinancing
will save a lot of people a lot of money, their homes, or both. Only a few mortgage lenders and banks are authorized to offer homeowners these new refinance options and Wells Fargo has been selected. In the past, homeowners needed to have good credit, equity in their home, and good finances. Now though, because of the Obama stimulus, nearly any homeowner can get help and approval when looking to refinance a mortgage.

Homeowners are encouraged to use this plan for themselves and get a mortgage refinancing before things get worse. Do not think that your situation is helpless. Contact Wells Fargo today to see what new home loan refinancing options exist for you because of Obamas housing stimulus plan. Take action now and get help before things get worse.

-M Petrone

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