Looking to lower your monthly mortgage payments? Want to take advantage of low interest rates? Need to prevent your home from being lost to foreclosure? Do you have credit or other financial problems? Than President Obamas housing stimulus plan is for you. Here is what homeowners need to know about refinancing a home mortgage with the Presidents stimulus plan.

This housing stimulus plan was designed so that it is easy for homeowners, in any financial situation, to get approved for a low cost, low interest, mortgage refinance. The goal of this stimulus program is to help homeowners save money, and stop the record high foreclosure and mortgage default rate from rising even more. This stimulus plan is backed by over $75 billion in Government money, all of which is being used to keep home interest rates low, and provide cash incentives to mortgage lenders and banks who approve struggling homeowners for mortgage refinance.

These cash incentives allow more mortgage lenders and banks to help more people in worse financial shape than ever before. Mortgage lenders and banks only get money when they follow Obamas stimulus plan rules, and approve struggling homeowners. Now, homeowners with no equity in their home, no job, bad credit, or other financial problems will find it easy to get a mortgage refinance approval. Before this stimulus plan existed, homeowners would have needed good credit, a lot of cash for closing costs, and equity in their home. Millions of struggling homeowners can now get help, no matter how bad they think their situation is.

Homeowners should take action now and take advantage of this housing stimulus plan. There has never been a better time to refinance a mortgage than right now due to near record low interest rates, and Obamas stimulus plan. People should contact a mortgage lender or bank today to see what new home loan refinancing options exist for them.

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

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