Homeowners everywhere are now able to get a low cost, low interest rate mortgage refinancing, regardless of any financial problems. President Obamas housing stimulus plan enables nearly anyone to take advantage of near record low interest rates and get a home loan refinance. Millions of people can use this stimulus plan and they will save a lot of money, their home from being lost to foreclosure, or both. Here is who qualifies for mortgage refinancing with Obamas stimulus plan, and how to get it.

This stimulus plan was designed so that nearly any homeowner, in any financial situation, can get mortgage refinancing that is low cost, and has low interest rates. This stimulus plan is designed for homeowners who:

-Have an upside down mortgage and owe more than their home is actually worth

-Have little or no equity in their home

-Have bad credit, no job, or other financial problems

-Are facing foreclosure or possibly defaulting on their mortgage

Since the economy is in such bad shape, many homeowners are struggling to make their monthly home loan payments. In addition to cash flow problems, many homeowners are realizing that their homes value has dropped a lot and they now have a home loan that is worth more than the actual home they have been paying for. Also, foreclosures and mortgage defaults are at all time highs right now which has further devalued homes. The goal of this stimulus plan is to help nearly any homeowner, the housing market, and the overall economy by offering people new home mortgage refinancing options.

Homeowners are being encouraged to use this housing stimulus plan for themselves and take action. People should contact a variety of different mortgage lenders and banks to see what new mortgage refinancing options exist for them. Millions of homeowners will benefit from this home stimulus plan, and many people already have. Homeowners should take advantage of this stimulus plan and take action now.

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

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