Fannie Mae and Freddie Mac are now offering mortgage refinancing and modification options to nearly any homeowner thanks to President Obamas housing stimulus plan. This stimulus plan makes Fannie Mae and Freddie Mac offer struggling homeowners a way to save money, their home, or both. Here are some things that homeowners should know about getting a mortgage refinancing or modification with Obamas housing stimulus plan.

This housing stimulus plan has been enacted because so many homeowners are at risk of losing their home. Instead of letting more homes be lost to foreclosure and default, the Obama administration enacted this $75 billion stimulus plan to help millions of people. This stimulus plan calls on Fannie Mae and Freddie Mac to offer new mortgage refinancing and modification options to nearly any homeowner. These new options will save them money, their home from being lost, or both. Instead of losing more homes to a bad housing market and hurting the economy even more, Fannie Mae and Freddie Mac are supposed to help homeowners get a mortgage refinancing or modification approval.

In the past, homeowners needed to have equity in their home, good credit, and an overall good financial situation. Now though, things have changed and Fannie Mae and Freddie Mac are able to offer nearly any homeowner a mortgage refinancing or modification. Homeowners do not need to have a job, good credit, or any equity in their home to get the help they need to save money, their home, or both. This means that millions of struggling homeowners can now easily get into a better, more affordable mortgage by refinancing or modifying their current home loan with Fannie Mae and Freddie Mac.

Homeowners are encouraged to get help by using Obamas stimulus plan. There has never been a better time to be a struggling homeowner who needs help. Fannie Mae and Freddie Mac mortgage refinancing and modification options now exist for nearly any homeowner. Take action now and use this stimulus plan for yourself and improve your financial situation today.

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

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