Homeowners can now get 2% home mortgage interest rates by refinancing. This is because of new options available to nearly every homeowner thanks to President Obamas $75 billion stimulus plan. Millions of homeowners can save a lot of money, prevent their home from being lost, or both. Here is what people need to know about home refinancing and Obamas stimulus plan.

In an effort to help the millions of struggling homeowners, the Obama administration has announced a stimulus plan designed to help struggling homeowners. This program enables people, regardless of their finances, to easily get approved for a money saving home loan refinance. These new options for homeowners exist because of $75 billion in Government money that has been put aside for the stimulus plan. This money enables mortgage lenders and banks to offer super low interest rates, and take on more risk. Every time a lender or bank helps a homeowner according to Obamas stimulus plan they get a cash incentive. This money enables them to help more people than ever before.

Another huge thing this money is helping homeowners with is low interest rates. This money makes it possible for homeowners to refinance and get a mortgage interest rate that is as low as 2%. Other benefits include easy qualification requirements, no closing costs or fees, and new money saving options. This is only possible because of Obamas stimulus program. Without the money provided from Obamas plan, homeowners who were not in great financial situations would have a very hard time getting approved for a truly beneficial home mortgage refinancing.

Homeowners who are struggling to make their payments, want to save money, or need to prevent their home from being lost should take advantage of this plan. Never before has such a big stimulus plan been enacted that can help so many people save money, their home, or both. Take action now and contact a mortgage lender or bank and see what options are beneficial for you from President Obamas stimulus plan.

-M Petrone

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