Obama's Plan Affordable Home Mortgage - Mortgage loans @ 2%

President Obama and his government has recently announced details of their plans to boost accessibility for the home, which should contribute to 1 every 9 owners avoid foreclosure and refinance a mortgage easier, even if the amount due for the loan guide is worth more than the house is. Unable to perform Translation:invalid textThe announcement of the recovery of housing was only 2 weeks after the president declared that Obama has spent 75 billion U.S. dollars for the problems of housing and mortgages of $ 787 billion bailout plan are financial and economic stimulus. Unable to perform Translation:invalid textSee if you qualify ... ....! Housing Accessibility economic stimulus package, Obama has been carefully designed and implemented under the Obama administration does not look as if they reward homeowners who were greedy and reckless at the time the boom appears. Therefore, the first phase of the plan is to give homeowners who have stayed to help their mortgage payments current for less than 12 months to the lowest rate of mortgage refinancing. Although, regardless of payment history, there are other funding options available. Government estimates say that the stimulus up to 9 million mortgage holders will benefit current and has 2 main components. Unable to perform Translation:invalid textFirst, mortgage lenders, banks and other financial service providers offer incentives to refinance guides and other government subsidies to facilitate refinancing for homeowners who have financial difficulties that are so bad that there is a serious risk of losing their homes. These borrowers have financial burdens affidavit to that effect that their complaints to sign. In this way, homeowners can file their current rates to see less than 2% to extend their guides or other methods to reduce the monthly payment for a mortgage for 31% of gross monthly income homeowners. This recovery plan, however, first lien mortgages only limited by the amount of the loan does not exceed $ 729,000 for a house. Unable to perform Translation:invalid textMortgage lenders, banks and other providers of home care refinanceloan will also receive up to $ 3500 by the government to participate in this program and with corresponding banks or cost drivers for banks dollar for dollar, in some circumstances. Owners are also entitled to receive up to $ 5,000 in federal funds for the reduction or the payment for the remaining waste to ensure, in a way that does not lose their home later on the road. Even officials of Obama, the fact is that people who have real estate as an investment and can not be bought primary residences are not eligible. Second, the plan provides for the state supported mortgage lender Freddie Mac and Fannie Mae to allow refinancing home to literally millions of existing homeowners who are on the existing mortgage when their house is actually a value, even No problem if they did the monthly mortgage payments. There is no limit to the extent that these mortgages can not. However, the mortgage to Freddie Mac and Fannie Mae, and can be insured, the borrower must not be guilty of more than 105% of the total value of their home. Unable to perform Translation:invalid textRefinancing a mortgage is now with the help of "President Obama's plan for accessibility Home 'will save millions of home owners hundreds of dollars every month. Contact your mortgage lender or potential lender today and see what kind of support is can get through this recovery plan is housing. Unable to perform Translation:invalid textA refinance Loansstore also offers services for the mortgage if you have bad credit bad bad credit or no credit you can apply this plan and to know the second mortgage.