Recently, a new mortgage stimulus plan has been announced which will help millions of homeowners get a more affordable monthly mortgage payment. This plan, also called the "Making Home Affordable" plan, will help homeowners avoid foreclosure or mortgage default, and allow them to get an affordable mortgage. Here is how it works, and who is eligible: Over 8 million homeowners are eligible to use this plan. The making home affordable plan is primarily targeted towards financially struggling homeowners. If you are in foreclosure, or scared of facing foreclosure, odds are you will qualify for help from this plan.
Right now, over $75 billion in money is available for homeowners to help them get approved for refinancing or modification. Also, as a result of this plan, all homeowners with a mortgage from either Freddie Mac or Fannie Mae are automatically eligible for a home loan modification. The Fannie or Freddie modification plan will get a homeowner into a monthly payment which is less than or equal to 31% of their gross monthly income. This will be a major savings for many struggling homeowners, and could be what they need to save a lot of money, or their home from being lost.
Fannie Mae and Freddie Mac are fully capable of offering amazing new options to homeowners looking to refinance or get a mortgage modification. With this stimulus plan, all types of homeowners can get help. Here are some situations which would have been hard for a homeowner to get help with, but are now easier to get approved for using this stimulus plan:
Many homeowners need to take advantage of this mortgage refinance plan to avoid losing their home. A lot more people can use this program to get a lower monthly payment, or modify their loan so that it is more affordable. Many new options are available to homeowners, and you should take advantage of them.
We will teach you how to properly refinance or modify a home mortgage saving you thousands of dollars, or even your home. A lot of Greedy Mortgage Lenders will try to suck you dry if you let them. Learn the right way to refinance or modify your home loan.
Right now, over $75 billion in money is available for homeowners to help them get approved for refinancing or modification. Also, as a result of this plan, all homeowners with a mortgage from either Freddie Mac or Fannie Mae are automatically eligible for a home loan modification. The Fannie or Freddie modification plan will get a homeowner into a monthly payment which is less than or equal to 31% of their gross monthly income. This will be a major savings for many struggling homeowners, and could be what they need to save a lot of money, or their home from being lost.
Fannie Mae and Freddie Mac are fully capable of offering amazing new options to homeowners looking to refinance or get a mortgage modification. With this stimulus plan, all types of homeowners can get help. Here are some situations which would have been hard for a homeowner to get help with, but are now easier to get approved for using this stimulus plan:
Many homeowners need to take advantage of this mortgage refinance plan to avoid losing their home. A lot more people can use this program to get a lower monthly payment, or modify their loan so that it is more affordable. Many new options are available to homeowners, and you should take advantage of them.
We will teach you how to properly refinance or modify a home mortgage saving you thousands of dollars, or even your home. A lot of Greedy Mortgage Lenders will try to suck you dry if you let them. Learn the right way to refinance or modify your home loan.
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