Many current homeowners stand to benefit financially from Obamas new housing stimulus plan. Whether you have a bad loan and wish to refinance into a better one, or are limited in your options due to owing more on your mortgage than your home is worth this stimulus plan may be the answer you have been looking for. This mortgage stimulus plan for homeowners aims to relieve homeowners of falling housing prices and bad mortgages. This will help them pay off other bills, improve their homes, repair their homes, save, all things that will help the economy overall. This will also save a lot of homes from being foreclosed on due to mortgage payments getting smaller after refinancing. This plan will cover the bulk of homeowners including but not limited to homeowners who: have their mortgage backed by Fannie Mae or Freddie Mac, Owe between 80%-105% of their mortgage and have little to no equity. This alone will make millions of homeowners automatically qualify for this new stimulus package from Obama. Refinancing now that the stimulus will be in effect could save a homeowner hundreds of dollars every month. Get in touch with a mortgage lender or even your current lender and see if the new Obama stimulus housing plan will help you refinance into a better home loan.

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