| Bad credit is no longer a reason not to apply for | | | | lenders or banks get for every year, up to 5 |
| mortgage refinancing. New Government programs | | | | years, a homeowner is able to make their |
| allow millions of homeowners in all situations the | | | | mortgage payments on time and in full. This is an |
| chance to get approved for a mortgage | | | | extra incentive to truly help homeowners get the |
| refinancing or modification into affordable monthly | | | | lowest possible monthly payments possible. This |
| payments. Bad credit, bad mortgage, a home that | | | | also means that homeowners with bad credit, or |
| is losing value, or other financial problems can | | | | other financial problems, can get the help they |
| actually help a homeowner get approved. | | | | need to save their home, or a lot of money, |
| This is because of the fact that over $75 billion in | | | | easier than ever. |
| funding is being given to mortgage lenders and | | | | Homeowners who are barely able to afford their |
| banks who approve a homeowner who is at risk | | | | home loan, are facing foreclosure, or are thinking |
| of losing their home. This means that banks and | | | | about short selling, should consider a mortgage |
| mortgage lenders have eased some of their | | | | refinance. With the Governments stimulus plan in |
| mortgage restrictions so that they can help even | | | | effect, an estimated 8 million homeowners can |
| more people. They have done this because for | | | | get the help they need. This is a never before |
| every homeowner they help with getting | | | | seen attempt to help homeowners, and entire |
| approved for refinancing or modification, they | | | | neighborhoods, recover from the bad economy, |
| receive incentive money from the Government. | | | | and worse housing market. Take advantage of |
| This money helps minimize risks, and allows the | | | | these great new options available to all types of |
| banks and lenders the chance to temporarily alter | | | | homeowners and refinance or modify your home |
| their lending policies to help the most people they | | | | loan today. |
| can. There are also additional incentives that | | | | |