A home mortgage bailout plan has been established to help homeowners who are struggling to make their monthly mortgage payments. This housing stimulus plan will enable homeowners to refinance their existing mortgage into a new one with a low fixed 2% interest rate. Millions can take advantage of this plan and save big money every month.

So, to help ease your home mortgage refinancing process, I have listed some of the biggest benefits that homeowners can get from using this stimulus plan:

-Both President Obama and the Federal Reserve want to see and will regulate home interest rates so that all homeowners and home buyers can get a fixed rate 4.5% mortgage.

-Both refinancing and modifying a home loan are now more streamlined and easier than ever which will allow a lot of homeowners a chance to save their home from foreclosure.

-If a homeowners property values have dropped by 15% or more as a result of the mortgage crisis gripping America, the homeowner will be able to refinance into a stable, money saving, 4.5% fixed rate home mortgage.

-A homeowner who is facing foreclosure can now get a home mortgage refinance and save their home.

Times are tough and millions of homeowners are feeling a financial squeeze which is making paying their monthly mortgage payments harder. Hopefully, this home refinance stimulus plan will bring some confidence back into the housing market and restore home values. This plan will save a lot of people money and should be taken advantage of as soon as possible.

-M Petrone

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