Mortgage interest rates are near record lows and President Obamas recently announced housing makes millions of homeowners eligible to refinance into a low 2% interest rate home loan. This stimulus plan is designed so that nearly any homeowner, in any financial situation, can benefit from it and save a lot of money, their home, or both. Here are a few things that homeowners must know about refinancing a mortgage with Obamas housing stimulus plan.

This stimulus plan has been designed to help millions of struggling homeowners and provides new low interest rate, low cost, mortgage refinancing options to nearly anyone. Over $75 billion is being used to back this stimulus plan up, keep interest rates low, and provide cash incentives to mortgage lenders and banks. These cash incentives allow mortgage lenders and banks to ease up on their home refinancing restrictions and provide new options to struggling homeowners that are both low cost, and low interest.

The goal of Obamas housing stimulus plan is to provide financial relief for millions homeowners and reduce the growing number of foreclosures and mortgage defaults. Because of this housing stimulus plan and its cash incentives for lenders and banks, homeowners in nearly any bad financial situation can get help and an approval with refinancing a mortgage. Homeowners with no job, little or no equity in their home, bad mortgage interest rates, bad credit, or other financial problems can now get into a much better mortgage through refinancing. The cash incentives cover a lot of risk that mortgage lenders and banks take on by approving a struggling and that money is vital to nearly any homeowner being able to get approved.

Homeowners should take action now and get a home mortgage refinance through Obamas housing stimulus plan. There is many options for nearly any homeowner that will save them a lot of money, their home from being lost, or both. Homeowners should contact a mortgage lender or bank today to learn about refinancing a mortgage with Obamas stimulus plan, and how it will benefit them.

-M Petrone

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