Wells Fargo has a new way to keep the existing mortgage with a new program to save the government made changes. This program provides literally millions of people the opportunity to lower their prices and keep their houses go into foreclosure.
This is a new program that is not available in the past. If you have already requested a loan modification home with Wells Fargo, and had previously been denied approval, could this program, aDifference. You should consider to submit a new application made available to the plan Home President Obama.
There are many advantages of this new plan:
1. Be reduced under the new program, the interest rate to 2%.
2. The concept of a mortgage can be a period of 40 years, extended to make lower payments.
3. Will it be possible to move a portion of the principal balance under this new program.
It is for these three possibleOpportunities to get together to go beyond the monthly mortgage payment is not more than 31%. This is possible thanks to Obama! It is normal now for many homeowners to pay one days to 50% or more of their monthly income on the mortgage each month. In case of default would have a negative impact in this situation! In order to change home loan under the program saved the government inquiry with Wells Fargo, you get the advantage of a lower interest rateno hidden fees and costs in general with the refinancing of a house are connected.
Options is important. Talk to a professional about your situation and get answers to your questions. There are free services counseling debt on the website of the HUD. Proceed to complete the documentation to ensure that you have provided all necessary information available and place correctly. In preparationcan significantly increase the chances of approval.
This is an important opportunity to use! Contact mitigation loans to Wells Fargo to discuss this plan and see if it works for you. The savings can add up.
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