South Carolina | Home Loan | Mortgage | Refinance

Archive for November, 2009

Homeowners who are facing foreclosure, mortgage default, or just want to save money on their home loan, need to take advantage of the Obama housing stimulus plan. Do you want lower interest rates? A more affordable mortgage? Need to refinance but your mortgage is worth more than your home? This plan is for you.

This plan is a $75 billion Government funded stimulus plan for struggling homeowners. This means that getting approved for a refinancing or mortgage modification is easier than ever. That is because most of the money will be given to mortgage lenders who approve homeowners using the guidelines of the stimulus. Now, homeowners who would never have a chance at getting approved, are, and saving money, and their homes in the process.

Here are some of the biggest reasons this plan will help homeowners: -Homeowners can get a refinancing or home loan modification into a mortgage payment which is less than 31% of their gross monthly income.

-Mortgage interest rates can be reduced to as low as 2% to meet the guidelines set by the Obama housing stimulus.

-Homeowners may also have their home loan extended up to 40 years to meet the minimum monthly payment requirements.

-Homes which are worth less than their mortgage, are eligible for refinancing. In the past, this would be impossible to do, now though, with the new stimulus guidelines in effect, this is entirely possible.

-This plan can not be used by homeowners who have declared bankruptcy. Also, this plan can only be used by a homeowner only one time for their primary residence.

With the high number of homeowners facing mortgage default or foreclosure, this plan is here at a perfect time. Millions of homeowners can use this plan for themselves. Never before has getting refinancing or home loan modification been as easy, or beneficial as it is for homeowners right now. This is a great chance to change your financial position, and possibly save your home.

At my site I 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 at my site: http://www.refinancingcondo.com.

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The administration said Monday that it would increase the pressure on banks to help troubled homeowners permanently lower mortgage payments. The Treasury Department said that mortgage servicers would be required to submit plans on how they would …
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Washington: The Treasury Department is expected to meet with lenders on Monday to press them to do more to rework troubled home mortgage loans, a source familiar with the Treasury’s thinking said. Herbert Allison, the Treasury Department’s assistant …
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Mortgage rates fall to a record low as new home sales climb. MarketWatch’s Amy Hoak joins the News Hub to discuss whether these developments point to strength ahead for the struggling housing market.
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Mortgage rates fall to a record low as new home sales climb. MarketWatch’s Amy Hoak joins the News Hub to discuss whether these developments point to strength ahead for the struggling housing market.
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Even home buyers who thought they were getting a bargain are now finding themselves underwater. The News Hub panel discusses a mortgage crisis that has left millions owing more than their homes are worth.
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Even home buyers who thought they were getting a bargain are now finding themselves underwater. The News Hub panel discusses a mortgage crisis that has left millions owing more than their homes are worth.
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