Bank of America is able to offer struggling homeowners a mortgage refinancing or modification option which will allow them to save money, and their home. This is all possible because of President Obamas "Making Home Affordable" program. This plan is funded with over $75 billion all destined to help homeowners get a better, affordable, mortgage. Here is how it works, and what Bank of America can do for homeowners in all types of bad situations.

Getting mortgage refinance approval has never been easier than it is right now. A few, worthy, qualified, mortgage lenders and banks have been selected to offer this stimulus to homeowners. Bank of America is one of those lenders. They will get money every time they help a homeowner. This money comes from the $75 billion mortgage bailout. With the incentive to help homeowners, they need to follow the programs guidelines. Those include:

-Approving homeowners for mortgage refinance even if they owe up to 25% more than the homes market value.

-Helping homeowners who have financial hardships or other problems.

-Not making a homeowners monthly mortgage payment more than 31% of their gross monthly income.

-Helping homeowners get a better mortgage even if they have declared bankruptcy, missed mortgage payments, or have been late on some payments.

Besides being one of the biggest, most well known, and most popular banks in the country, Bank of America mortgage refinancing is now even better because of new stimulus plan options available to homeowners. With these new p;ans, homeowners can avoid losing their home, or paying money that they can barely afford. Mortgage refinancing and modification are easier than ever for millions of homeowners. Contact Bank of America today and see what they can do for you.

-M Petrone
http://www.RefinancingCondo.com

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