Did you know that there is a new housing stimulus plan from President Obama? Did you know that you could see your mortgage rates reduced to 2%, or refinance a home even if you owe more than it is worth? These and many more options are now available thanks to the "Making Home Affordable" plan.

This plan is an attempt to help the millions of homeowners who are facing foreclosure. Right now, foreclosure is at an all time high. Home prices are plummeting, homeowners are having financial problems, and all over the country, homes are in danger of being lost. This plan will help homeowners get a more affordable mortgage through refinancing or modification. Now, many homeowners who would not have been approved are getting the help they need.

This is all possible thanks to funding provided from the Government, and given directly to approved mortgage lenders and banks. This money will help cover dome of the risks of the lenders or banks when they approve a struggling homeowner. Also, this money will be given to a mortgage lender or bank every year, for up to 5 years, for each year of successful payments from a homeowner. This means that getting the lowest, best refinancing possible is also in the best interest of lenders and banks. Homeowners will not have to pay any closing costs or fees when using this stimulus program.

Mortgage refinancing is easier and better than ever for many homeowners. This is an amazing chance to get a better mortgage, and save your home. If you are in any type of financial situation, take control now. The longer you wait the worse and harder it will be to fix your finances. Take contorl of your situation, save money, and save your home.

-M Petrone

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