Wells Fargo mortgage modification options now exist for nearly any homeowner, in any financial situation, thanks to President Obamas housing stimulus plan. Thanks to this stimulus plan and Wells Fargo, millions of homeowners can get a low cost, low interest rate mortgage modification that will save them a lot of money, their home from being lost to foreclosure, or both. Here is what homeowners need to know about getting a mortgage modification with Wells Fargo and the Obama stimulus plan.

Wells Fargo has always been able to give mortgage modification approval to struggling homeowners, but because of this stimulus plan from Obama, they can help more people than ever before. This stimulus plan is funded with over $75 billion in Government money that is being used to keep interest rates for mortgages low, and to provide cash incentives to banks and lenders like Wells Fargo for every struggling homeowner they help. This means that Wells Fargo and other participating lenders and banks can ease their mortgage modification requirements, and approve more homeowners than ever before.

These cash incentives allow more people, in worse financial situations, to get a mortgage modification approval. The goal of this housing stimulus plan is to stop the record high number of foreclosures and mortgage defaults while helping the housing market and overall economy at the same time. Using these cash incentives, Wells Fargo is able to offer more people, in worse financial situations, a mortgage modification that saves them money, their home from being lost, or both.

Wells Fargo mortgage modification options now exist for millions of homeowners, and they are easy to get. President Obamas stimulus plan is designed to be easy to take advantage of and is already helping a lot of people. Homeowners should take action and contact Wells Fargo today to see what new home loan modification options exist for them.

-M Petrone

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