President Obamas “Making Home Affordable” plan is designed so that nearly any homeowner can get a mortgage refinance that will save them money, their home from being lost, or both. Millions of homeowners are now eligible to save a lot of money through new refinancing options. Over $75 billion in funding is available to assist homeowners. Here is how you can take advantage of this stimulus and get a mortgage refinancing for yourself.

This stimulus plan had to be enacted due to the all time high number of foreclosures and defaults that are causing chaos in the housing market. So many people are feeling the effects of a bad housing market and economy a that many homes are at risk of being lost. In order to help homeowners and stabilize the housing market the Obama administration enacted their $75 billion “Making Home Affordable” stimulus plan.

This stimulus plan is designed so that regardless of a homeowners finances, they will be able to get help. Now, homeowners with an upside down mortgage, bad credit, or other financial problems can get the help they need and save a lot of money by refinancing. Before this stimulus plan was in effect, homeowners with financial problems would have had a hard time finding refinancing help. Now though, because of the Obama stimulus, nearly any homeowner is eligible to get themselves into a better and more affordable home loan.

Homeowners are encouraged to take advantage of this great stimulus plan and get a better home loan. Do not wait any longer or think that the help will find you. Contact a mortgage lender or bank today and see what new options exist for you when refinancing. Take advantage and start saving money today.

-M Petrone

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