Getting a 2% fixed rate mortgage is easy to do now thanks to President Obamas stimulus plan. This program is designed to assist millions of homeowners save money and prevent their home from being lost. Here is what people need to know about this stimulus plan and how to use it for themselves.

Well over $75 billion is being used to help homeowners. This money exists because of President Obamas “Making Home Affordable” stimulus plan. This program allows nearly any homeowner to get a lower monthly home loan payment, prevent foreclosure, or both. Since the housing market and economy are in such bad shape, the Government had to step up to help homeowners. This stimulus program is Obamas solution to giving assistance to millions of people.

The money is being used to keep home loan interest rates and provide cash incentives to mortgage lenders and banks that help homeowners. Every time a lender or bank offers a mortgage refinancing option that follows Obamas stimulus they will get money. This money is what allows the lender or bank to approve more homeowners in bad situations than ever before. Without these cash incentives many lenders or banks would be understandably hesitant to approve a struggling homeowner for a mortgage refinancing.

Millions of people can easily use this program for themselves and save a lot of money, or their home. Do not be another homeowner who loses their home to a bad housing market or economy. Take action now before your situation gets worse. Help is available for nearly any homeowner, but you must find it. Contact a lender or bank today and see what options exist for you with Obamas stimulus plan.

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

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