Homeowners can now refinance or get mortgage modification 2% interest rates thanks to President Obamas stimulus plan. This housing stimulus allows millions of homeowners to get approved for mortgage refinancing or modification with a low 2% interest rate, regardless of their finances. This will save people a lot of money, their homes from being lost, or both. Here is what people need to know about refinancing or mortgage modification with Obamas housing stimulus plan.

This stimulus plan is designed so that nearly any homeowner can take advantage of it. Since so many people are struggling to make their monthly mortgage payments, foreclosures and home loan defaults are at all time highs. In order to combat this and lower that number, the Obama administration enacted a $75 billion housing stimulus plan. This plan enables people to get 2% mortgage interest rates by offering new mortgage refinancing or modification options that nearly any homeowner can take advantage of. Regardless of a persons financial problems, they can most likely get into a new, better, and more affordable mortgage by refinancing or modifying their existing one.

The $75 billion from the stimulus plan is being used to offer 2% mortgage interest rates to homeowners, and is being used as cash incentives for mortgage lenders and banks who follow Obamas housing stimulus plan rules and help homeowners. This money enables lenders and banks to take on struggling homeowners and get them into a better situation that will save them money, and their home. Without these cash incentives, the lenders and banks would not be able to help the millions of people who are struggling to save their home. Now though, because of Obamas housing stimulus, homeowners in all situations can get help.

Homeowners are encouraged to take action now and get themselves a mortgage refinance or modification using the Obama stimulus plan. Never before has is been this easy to get help, especially for struggling homeowners. Take action now and prevent your situation from getting worse, save your home, and save a whole lot of money.

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

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