No matter what your financial problems are you can get a mortgage refinancing with 2% interest rates. This is all possible because of the $75 billion housing stimulus plan enacted by President Obama. This stimulus plan is designed to be easy to use so millions of struggling homeowners can save money, their home, or both. Here are some things that homeowners need to know about refinancing a home mortgage with President Obamas stimulus plan.

Many people are financially struggling these days and that has lead to an all time high number of foreclosures and defaults. Since so many people are losing their homes it further brings down the housing market. In the past, homeowners would need a lot of equity in their homes to get a beneficial refinancing offer. Now, because of the Obama housing stimulus plan, nearly any homeowner can get themselves a mortgage refinancing that saves money. This is all possible because of mortgage lenders and banks who have been approved to offer homeowners new refinancing options that follow the rules of Obamas stimulus.

Over $75 billion of Government money is being used to help homeowners. This money is mainly being given to mortgage lenders and banks who help homeowners. Every time a lender or bank helps a homeowner save their home they will get a cash incentive for doing so. These cash incentives allow them to take on more risk, approve more people, and all with less financial risk to them. A lot of mortgage lenders and banks have even eased their refinancing requirements so that more people will qualify.

Never before has this much help been available to so many people. Homeowners do not have to let a horrible economy or housing market take their home. Contact a mortgage lender or bank today and see what new home loan refinancing options exist for you because of this $75 billion housing stimulus plan. Do not wait any longer and take action now.

-M Petrone

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