Bank of America mortgage refinancing is now easier, and better, for millions of homeowners. That is because of President Obamas “Making Home Affordable” stimulus plan. Bank of America is one of a few selected mortgage lenders or banks who can offer homeowners new refinancing options from the Obama stimulus plan. Here is what homeowners should know about taking advantage of this stimulus plan for getting a Bank of America mortgage refinance.

This stimulus plan is backed by well over $75 billion in Government money. This money is going to be given to approved mortgage lenders or banks like Bank of America when they help homeowners and use the Obama stimulus plan. This money enables the lenders and banks to take on more risks, with less finances at stake. That means that Bank of America and other approved lenders or bank will be able to approve more homeowners, for more beneficial mortgage refinancing packages, than ever before. Some of the biggest benefits for homeowners include 2% mortgage interest rates, easy approval requirements, the ability to switch loan types, and many more. This plan is designed to help people save money, and avoid their home from being lost to foreclosure or default.

The economy and housing market are in bad shape and the Obama administration needed to help homeowners. That is why this stimulus plan eas enacted. Now, using this stimulus plan and an approved lender or bank like Bank of America, homeowners in all types of financial hardships can get approval for mortgage refinancing. People with bad credit, upside down mortgages, or other financial problems can easily use this stimulus plan to get approved for a home loan refinance.

Homeowners need to take action and contact Bank of America today. Never before has mortgage refinancing been this easy to get approved for, or this beneficial. Take action now and take advantage.

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

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