Obama's New $75 Billion Bailout Plan Helping Homeowners Refinance

How do you know when you qualify for a refinance or a loan modification?  asks Fred Solomon, author, broker and radio show host of the Solomon Free Money Hour.  You can lock into a 30 year, 15 year fixed today at all-time historical record lows.  It is unbelievable.  "This could be the last time you ever have to refinance again in your lifetime," adds Solomon.  In order to qualify for Obama’s new refinance plan your loan to value cannot be any higher than 105% LTV (loan to value).  In other words, if the value of your home is $400,000, your loan cannot be any higher than $420,000 (5% higher than the current market value).  For more information, or to see if you are eligible, go to: http://www.freemoneyhour.com/loancost.php

Solomon Financial Team has dissected the Obama Plan to develop a special program that lets you input your numbers to determine your qualification for a home loan refinance or federal loan modification.  This unique formula combined with their exclusive calculator determines if you qualify.  "It takes us five minutes to figure out if you will qualify or not," adds Solomon

Call your loan servicer to see if you qualify for the new Obama plan and get ready to be lied to and listen to the lender's scare tactics.  This is a $75 billion bailout geared towards refinancing / loan modification.  The questions Fred Solomon helps consumers answer are: How do you know how to figure out a 31% front end ratio?  How do you figure out if the lender is lying to you or not?  How do you negotiate with someone who is lying straight to your ear? " I guarantee that if you call the lender yourself, the lender will lie to you.  People don't want to believe that.  We have example after example of clients who were lied to, reports Solomon.  

Now, remember this plan is supposed to help 9 million Americans.  For a free consultation to see if you are eligible for a refinance or purchase loan by a Solomon Financial loan advisor, call: (949) 251-8733, or go to www.FreeMoneyHour.com

Fred Solomon, Lisa Solomon and Kerri Kasem can be heard weekends on The Solomon Free Money Hour, a show about real estate, mortgage, investment opportunities, foreclosures, short sales, how to buy a home, 1031 Exchanges, how to sell a home and more.  Solomon Financial can be found on Angels AM 380 Talk Radio.