Mortgage rates are currently near record lows. Combine that with new mortgage refinancing options available from Obamas stimulus plan and millions of people can benefit from refinancing a mortgage. Here is some advice for homeowners looking to refinance a home loan with Obamas stimulus program.

President Obamas stimulus plan is backed by over $75 billion in funding. This money makes getting help refinancing a mortgage in all types of financial problems easier than ever before. This money is going to be given to selected mortgage lenders and banks who follow Obamas guidelines and approve homeowners for a mortgage refinancing. The money enables mortgage lenders and banks to take more risk and approve more homeowners than ever before.

Never before has such a massive program been enabled that can help so many people. The goal of this stimulus program is to get homeowners an affordable monthly mortgage payment. The stimulus plan calls for a homeowner to not have to pay more than 31% of their gross monthly income to their mortgage payment. The thought behind this stimulus plan is that if a homeowner can actually make their payments, they will, and avoid foreclosure and defaulting on their mortgage.

Homeowners with bad credit, an upside down mortgage, or other financial problems can now easily get help refinancing a home loan. Even homeowners who have been turned down in the past can get help from Obamas stimulus plan. Homeowners all across the country can benefit from this program, save money, secure their future finances, or save their home from being lost.

Do not let your home be lost. Take action now and use President Obamas stimulus program for yourself and save money. Contact a mortgage lender or bank and ask about how you can benefit from refinancing a mortgage with Obamas stimulus program.

-M Petrone

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