Many homeowners will now have a much easier time getting a mortgage refinance approval from Bank of America thanks to President Obamas stimulus plan. Using this stimulus, homeowners can get 2% mortgage interest rates, lower monthly payments, avoid foreclosure, and easily get approved for a mortgage refinancing. Here is what homeowners need to know about Bank of Americas new mortgage refinancing options that are available as a result of Obamas stimulus plan.

This stimulus program is designed to help struggling homeowners save money and prevent their home from being lost. Only a few mortgage lenders and banks have been approved to offer Obamas stimulus plans options to homeowners, and Bank of America is one of them. This means that they get cash incentives when they offer a homeowner a mortgage refinancing that follows Obamas stimulus plan guidelines. This money gives them a reason to want to help struggling homeowners and allows them to offer assistance and mortgage refinancing approvals to more people than ever.

Bank of America uses this money to provide amazing benefits for homeowners who are refinancing. Some of the best benefits can include:

-2% Home loan interest rates

-No closing costs

-Easy eligibility requirements

-Lower monthly payments

Some homeowners will be able to reduce their monthly mortgage payments by as much as 50% in order to meet Obamas stimulus plans rules. This means many people will be able to save a lot of money very easy just by refinancing a mortgage with Bank of America. Homeowners should take advantage of this great program and get themselves into a better financial and mortgage. Contact Bank of America today and see what refinancing options may exist for you.

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

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