Stop Foreclosure: Mortgage Refinance

Mortgage Refinance and Stop Foreclosure

The best way for any homeowner to avoid foreclosure is to refinance their mortgage loan and stop foreclosure. Though a mortgage refinance is often in the Homeowners best interest and option to avoid or stop foreclosure it is often the hardest or most difficult of all foreclosure alternatives or methods of foreclosure prevention to obtain. The reason for this is fairly straight forward; homeowners who need to stop foreclosure are usually in some sort of financial distress and not prime lending material in the eyes of lenders.

Hope For Homeowners: a new hope and a new man with a slightly different plan

President Obama and his Administration has just announced a new part of the Making Home Affordable Plan. He has signed a new act to be known as Helping Families Save Their Homes Act. The purpose of this addition to the Obama homeowner assistance plan is to tweak the guidance and terms of the Hope For Homeowners Plan. The changes will make the failed Homeowner assistance and mortgage refinance program user-friendly and ultimately effective.