Avail Obama's Home Refinance Plan to get mortgage relief

Homeowners can refinance their mortgage with Obama 2% mortgage refinance plan and get relieved. They can save their home from foreclosure with the help of this plan, by either modifying or refinancing their mortgage loan. Start Your Request to Qualify for Obama;s Mortgage Relief Plan »

Millions of people are having problem with their monthly mortgages thus they turn towards mortgage refinancing and loan modification option. The day from when president Obama mortgage plan was announced, people are relaxed. This plan is a mortgage bailout plan which can lower the monthly mortgage payment of a homeowner and make it affordable with the help of refinancing or modification options. Loansstore also provide services for this Obama 2% mortgage refinance plan

This Obama Mortgage Relief Plan permits millions of homeowners who are not approved in the past. There are many advantages of this plan; few of them are given below:

• Under the home mortgage refinance plan, interest rate can be as low as 2%
• Any home loan modification and refinancing closing cost and fees would be covered in this stimulus plan, usually these fees are very high and most of homeowners aren't able to pay them.
• The loan term can be extended in the length for lowering the monthly payment. But this amount is not to be exceeded 31% of a homeowner's income.
• Those homeowners who have a mortgage backed by Fannie or Freddie can easily get approved for home loan modification. This is despite of their financial position.
• Homeowners who have lost wages, have lots of pending bills, hospital bills, can apply for either modification or refinancing, they just have to prove their financial hardships. One needs to write a hardship letter and submit it with the application.
• Those homeowners who owe more on their mortgage than what their home is actually worth can easily get approved for an affordable home by either refinancing or modification.

Check Your Eligibility to Qualify for President Home Refinance Plan

In past it was difficult to refinance your mortgage if a person had bad credit, but this is no more a problem. Now one can easily get mortgage refinance even with bad credit. Second mortgage program are also available, thus needy can avail them. Millions of homeowners can use this plan and benefit from it; they can save a lot of money. You too can refinance or modify your mortgage with this stimulus plan. So get ready. Call Loansstore right now and get your loans modify!