What do you want of Mortgage Interest Rates Today ?.
Are you a homeowner struggling to make their monthly loan payment? Do you need to save money every month? Are you at risk of losing your home to foreclosure or mortgage default? Well, President Obamas mortgage stimulus plan allows this. Loans can be extended in length or mortgage rates can be dropped to as low as 2% straight through refinancing or home loan modification. Here is information to help homeowners use this plan.
-Homeowners facing financial hardships can get refinancing or home loan modification into a new, low interest, lower payment, mortgage. This is inherent because of new refinancing an mortgage modification options which are available straight through Obamas housing stimulus plan. These hardships can contain things such as a loss of job, reduced income, hospital bills, and a lot of things which are out of the homeowners control. Typically, a homeowner would have a hard time getting approval for refinancing or modification of their home loan, but this plan helps. A homeowner should write a brief letter stating their financial hardships, what they plan to do about them, and why refinancing is so important, and contain it with your application.
