New mortgage refinancing options now exist for millions of homeowners thanks to President Obamas stimulus plan. The $75 billion “Making Home Affordable” stimulus program is designed so that nearly any homeowner can use it to get a mortgage refinancing that will save them money, save their home from being lost, or both. Here is what homeowners need to do in order to take advantage of this stimulus plan for themselves.

The economy and housing market are in bad shape and millions of homeowners are facing a real risk of losing their home to foreclosure or default. The more homes that are lost the worse the overall economy will get. In order to assist homeowners and help provide stability to the housing market, the Obama administration enacted their $75 billion housing stimulus plan. This stimulus plan provides new mortgage refinancing options to nearly every homeowner that will enable them to save money, save their home from foreclosure or default, or both. This plan has been intentionally designed to be easy to qualify for so that millions of struggling homeowners can easily get help.

Help is available because of the participation of select mortgage lenders and banks. The Obama administration has authorized a select few banks and lenders to help homeowners and offer them new mortgage refinancing options from the stimulus plan. These lenders and banks will get a cash incentive every time they help a homeowner and follow the rules of Obamas stimulus plan. That means that lenders and banks actually want to help homeowners and they take on less risk for following Obamas stimulus plan. Some lenders and banks have even eased some of their mortgage refinancing restrictions to make it easy to approve more struggling homeowners. Now, even homeowners with bad credit, upside down mortgages, bad debts, or other financial problems can easily get help with a mortgage refinancing.

Never before has this much help been available, and this easy to get. Do not wait any longer and take action now before your situation gets worse, more expensive, or both. Do not lose your home to foreclosure or default and get a mortgage refinancing today. Use Obamas stimulus plan to your advantage and get into a better home loan that you can afford.

-M Petrone

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