Bank of America is now offering millions of homeowners new mortgage refinancing options thanks to President Obamas stimulus plan. This stimulus plan is enabling homeowners with all sorts of financial hardships to easily lower their monthly payments, and avoid losing their home to foreclosure. Here are some things people should know when refinancing a mortgage with Bank of America and the Obama stimulus plan.

Mortgage refinancing is a great thing for many people to do right now. Especially with the new options available from Bank of America and Obamas stimulus. Millions of homeowners are eligible to use this program for themselves and save money or prevent their home from being lost. Even people with upside down mortgages, bad credit, bad debts, or other financial problems will find it easy to get approved for mortgage refinancing.

Help is available because of the Obama plan and over $75 billion in funding for it. This money is being used to give to mortgage lenders and banks, like Bank of America, when they approve homeowners for a mortgage refinancing that follows the stimulus plans rules. This means that every time a lender or bank helps a homeowner, they get money to do so. This money acts as an incentive for them to offer you help, and also helps the lender or bank cover some of their potential losses. Also, with a housing market in such bad shape, Bank of America would rather work on a payment plan the homeowner can afford every month. They do not want to put up with more foreclosed homes that they must try to sell in a horrible market.

Bank of America mortgage refinancing can be a great thing for a lot of people to consider. Contact them today and find out how President Obamas stimulus plan can benefit you. Help is available, go out and get it.

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

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