Homeowners should take advantage of new mortgage refinancing options now available from President Obamas “Making Home Affordable” stimulus plan. This program will allow millions of homeowners to save their home from being lost, a lot of money, or both. Millions of homeowners can use this plan for themselves, and see huge benefits. Here is how you can use this plan.

With over $75 billion available to help homeowners, this plan makes refinancing easier, and more beneficial than ever. This money will be given to a few selected lenders and banks who are authorized to issue this plan to homeowners. This money is an incentive to approve homeowners, and also prevents some financial risks the lender or bank assumes when extending a refinancing offer to you. This means that all types of homeowners can now get the help they need to save their home.

This stimulus program will help millions of people. Some of the bigger benefits of this program include:

-Homeowners in financial problems will be able to get help they would not have been able to before this plan existed.

-Low interest rates. Sometimes as low as 2%.

-The ability to change the length, terms, or conditions of a home loan.

-Fannie Mae and Freddie Mac mortgage holders can automatically get a mortgage modification into a lower monthly payment.

Many people have already used this plan to improve their situation, and save their home. Contact a mortgage lender or bank and see what options may now be available to you from this stimulus.

-M Petrone

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