President Obamas recent announcement of the “Making Home Affordable” plan will allow millions of homeowners a chance to refinance their mortgage into a better lower interest rate, and prevent foreclosure. This plan was designed so that struggling homeowners will have a chance to save their home from being lost, save a lot of money, and help the overall economy. This program eases the requirements for mortgage refinancing, and will save many peoples homes from being lost.

Before this plan, homeowners needed to meet strict requirements to get into a better and more affordable home loan. Now though, things have changed and nearly any struggling homeowner has a chance to get into a better, and much more affordable monthly home loan that will save them a lot of money, prevent foreclosure, and allow them to take advantage of record low home loan interest rates. Many homeowners are struggling to make their home loan payments, millions of people have already lost their homes which is making the economy even worse.

To be eligible for this mortgage refinancing plan, homeowners must be behind on their home loan payments and be able to prove that they are also struggling financially. Many major banks and lending institutions are taking advantage of this program and offering nearly any homeowner a solution that will save them a lot of money, their home from being foreclosed on, or both. The banks and lenders are actually looking for homeowners to participate in this Government home loan program because they receive incentives for every struggling homeowner they help. Most places have eased the strict mortgage refinancing regulations and rules that were and in place and now nearly any homeowner is able to get help.

If you are a struggling homeowner, President Obamas “Making Home Affordable” plan is the perfect solution for you. Never before has refinancing a home loan been this easy. Approach a bank or mortgage lender today, explain your situation, and take advantage of low home loan interest rates.

-M Petrone

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