Earlier this week President Obama announced a housing stimulus plan that would help millions of homeowners and potential home buyers. The proposed housing stimulus plan would let current homeowners refinance into a low 4.5% fixed rate mortgage even if they are unable to refinance now due to not having enough equity in their home. Refinancing would help homeowners save money every month and pay off other bills. This would stimulate the whole economy and not just the housing sector. Also, as homes are not foreclosed on and people are more likely to buy, property values will nbo doubt go up as well. If this proposed mortgage refinance stimulus plan goes through homeowners could save hundreds every month on their mortgage payments.

Subscribe via email

Enter your email address:

Delivered by FeedBurner