Millions of homeowners are now eligible to get a 2% interest rate for their mortgage by refinancing with President Obamas housing stimulus plan. This stimulus plan is backed by over $75 billion in Government money and is designed so that nearly any homeowner in any financial situation can take advantage of it. Here is what people need to know about getting a 2% mortgage interest rate by refinancing with Obamas housing stimulus plan.

This stimulus plan makes it easy for millions of struggling homeowners to get approved for a mortgage refinancing, regardless of their financial situation. Using this stimulus plan, millions of people will be able to get into a cheaper monthly mortgage payment that will save them a lot of money, their home from being lost to foreclosure, or both. Even homeowners with bad credit, an upside down mortgage, no job, or other financial problems can get help with a home mortgage refinancing. An estimated 8 million homeowners will benefit from this housing stimulus plan and most of them are at risk of losing their home.

Before this stimulus plan existed, homeowners needed to have good credit, equity in their home, and be in an overall good financial situation to get approved for a low interest rate mortgage refinance. Things have changed now though because of the Obama stimulus plan. Using this plan, nearly any homeowner will be able to get into a home loan with 2% interest rates. These low rates will save a homeowner a lot of `money every month, and their home from being lost.

Homeowners should take action and take advantage of this stimulus plan and get a mortgage refinancing. It has never been easier to get help with a home loan. Homeowners should contact a mortgage lender or bank today to see what new home loan refinance options exist for them.

-M Petrone

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