Mortgage Assistance - Can Obama Save Your Home?

Aug 22
21:01

2009

Jesse Wojdylo

Jesse Wojdylo

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Mortgage assistance is something many Americans are looking for because it has been very hard to make ends meet financially. President Obama is doing everything he can to get you a low mortgage rates so take advantage.

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Mortgage assistance was something that was almost unheard of over three years ago and now many American families are relying on this to save their homes.  The amount of foreclosures in the nation have greatly increased because home owners are not able to make their monthly mortgage payments.  If you are in this financial boat then you might benefit from President Obama's Making Home Affordable Plan.

The Making Home Affordable Plan was designed to allow all Americans to have access to the low mortgage rates that are being advertised.  Prior to March of 2009 many mortgage lenders and financial institutions were hoarding money and not lending it to borrowers.  Part of the plan is to give lenders and incentive to lend money therefore borrowers will have the access to average mortgage rates which are being advertised under 5% by some lenders.

If you have been thinking about refinancing now might be as good of a time as ever as mortgage rates have never been so low and never before has there been a program that has been put in place to help you get a lower interest rate.  The programs are quite detailed but just know that the government is making sure that lenders actually lend money at relatively low rates.  You may not get the lowest rate you have seen advertised but you are likely to get a rate that is much lower than you would have ever expected a year ago.  Don't miss this opportunity as it may not last that much longer.