Mortgage refinancing is easier than ever to get approved for thanks to President Obamas “Making Home Affordable” stimulus plan. This stimulus plan is backed by over $75 billion in funding that will be used to give nearly every homeowner a mortgage refinancing option that will save them money and prevent their home from being lost. Here is how President Obamas stimulus plan can save you a lot of money, and your home.

The economy and housing market are in very bad shape and it has left millions of homeowners with a mortgage that they can barely afford, it at all. A lot of homeowners have seen their home value drop and are facing other financial hardships at the same time. A lot of homeowners have lost their job, have seen their home lose value, or are facing other money problems. This has lead to an all time high rate of foreclosures and mortgage defaults. Since so many people need help, the Obama administration enacted a stimulus plan to help homeowners. This “Making Home Affordable” stimulus plan is designed to easily enable millions of people to get a new and more affordable monthly mortgage payment. Taking advantage of this program is easy to do and it will help many homeowners save money, their home, or both.

This mortgage stimulus plan will provide cash incentives to mortgage lenders and banks who approve homeowners for mortgage refinancing. Every time a homeowner gets help with a mortgage refinance, the lender or bank who approved them will get a cash incentive. This money enables lenders and banks to help more people and approve more mortgage refinancing applications. Without this stimulus money homeowners would have a hard time getting approved for a refinancing unless they have a great credit history and financial standing. Now though, because of Obamas stimulus plan, many people can get help that would not have been available before.

Homeowners should take advantage of this stimulus and get themselves into a better home loan. Never before has there been so much help available to struggling homeowners. Do not let your home be lost, or cost you more than necessary. Take action now and get help with home mortgage refinancing through Obamas stimulus program.

-M Petrone

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