Want to get a 2% interest rate for your home loan? Want to save money every month on your mortgage? Need to save your home from foreclosure? Than President Obamas housing stimulus plan will help you. This $75 billion stimulus plan is designed to help millions of homeowners get a mortgage refinance into a new home loan with interest rates as low as 2%. Here are some things homeowners need to know about refinancing a home loan with Obamas housing stimulus plan.

Since so many homes are being lost to foreclosure and default something needed to be done to offer homeowners a way to save money, their home, or both. That is why this $75 billion stimulus plan was enacted. This stimulus plan makes it easy for nearly any homeowner to get approved for a mortgage refinancing into a loan with interest rates as low as 2%. These low interest rates will enable millions of homeowners to save a lot of money every month on their mortgage. The money that funds the stimulus plan is keeping home loan interest rates low, and providing cash incentives to participating mortgage lenders and banks.

Only a few mortgage lenders and banks have been selected to offer Obamas housing stimulus plan to homeowners. The lenders and banks get a cash incentive for every homeowner they help. These cash incentives allow the lender or bank to help more struggling homeowners and approve them for a low interest rate mortgage refinancing. The only way to get the cash incentive though is to follow the rules of Obamas housing stimulus plan. This means that lenders and banks are actually eager to help struggling homeowners save money through mortgage refinancing.

Homeowners are encouraged to get a mortgage refinancing by using Obamas housing stimulus plan. It is easier than ever before to get a good home loan through refinancing. Homeowners should take action now and get help with their home loan by using Obamas stimulus plan for themselves.

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

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