Many homeowners are considering a mortgage refinance to take advantage of the near record low interest rates and President Obamas stimulus plan. However, many people have no idea what huge benefits the Obama housing stimulus plan can provide. Here are some of the biggest advantages to refinancing a mortgage right now with Obamas stimulus plan.

Since so many people are struggling to keep their home and are facing financial problems, the Obama stimulus plan provides some really bug benefits to homeowners. Some of the biggest things include:

-Easy eligibility requirements for every homeowner who needs help. Even homeowners who owe more than their home is worth, have bad credit, or who are facing other financial problems, can get approval from Obamas stimulus plan for a refinancing or mortgage modification.

-No closing costs or fees for a mortgage refinance or modification. These fees and costs are generally cost thousands of dollars the most homeowners do not have.

-Homeowners with a mortgage from Fannie Mae or Freddie Mac can get a mortgage modification no matter what their financial or home loan situation is.

Never before has lowering your home loan payments and preventing your home from being lost been this easy. The Obama stimulus plan is designed to help nearly any homeowner who is at risk of foreclosure or defaulting on their loan. Millions of people are able to use this program for themselves and see huge savings.

Homeowners should contact a mortgage lender or bank today and see what options are available to them from Obamas stimulus plan. This program will help people like no other program has before. It is truly easy to get approved for a mortgage refinance or modification with Obamas plan.

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

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