Refinancing a mortgage in 2011 is easier than ever for struggling homeowners to get approved for thanks to President Obamas housing stimulus plan. This plan makes it possible for nearly any homeowner, in any financial situation, to take advantage of all time low mortgage interest rates and get a home loan refinance that will save them a lot of money, avoid a foreclosure, or both. Here is how this plan works, and how to take advantage of it.

Homeowners are struggling financially all across the country. Many are at risk of losing their home, or already have. The Obama administration recognized this and enacted the $75 billion housing stimulus plan to help homeowners, and help the overall housing market avoid total collapse. This program was actually designed to help homeowners who are financially struggling to make ends meet. In order to avoid more foreclosures and a further drop in housing prices and home ownership, this program has been designed to help those homeowners who are most at risk of losing their home. Homeowners are now able to get the help they need to refinancing their mortgage, save money every month, and keep their homes.

Mortgage lenders and banks all over the country are participating in Obamas stimulus program and offering new, no cost, low interest rate, mortgage refinancing options. These lenders and banks are eager to help homeowners because they get cash incentives from the stimulus plan for doing so. These cash incentives help the banks and lenders cover some of the risk they take when refinancing a mortgage for a financially struggling homeowner. Now, mortgage lenders and banks are actually looking for homeowners to help. Many have eased their rules and restrictions that prevented homeowners from being able to get a beneficial mortgage refinancing in the past.

Millions of homeowners are now able to get a beneficial, no cost, ultra low interest rate mortgage refinancing. This plan is huge and it is designed to be easy to take advantage of for homeowners who are at risk of losing their home. Homeowners are encouraged to contact a mortgage lender or bank today and ask them what benefits they may get from refinancing a home loan with Obamas stimulus plan.

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

Homeowners with bad credit can now get a mortgage refinancing that will save them a lot of money thanks to President Obamas housing stimulus plan. This program is designed so that nearly any homeowner, in any financial situation, can take advantage of low interest rates and get a beneficial mortgage refinance. In the past, homeowners with bad credit had a hard time getting approved for mortgage refinancing. Now though, because of the Obama housing stimulus plan, things have changed.

Millions of homeowners all across the country are struggling financially. Their monthly mortgage payment is usually their biggest bill, and it is often the one that does not get paid when things get tough financially. Many homeowners have financial problems due to a bad economy and now are having credit issues as well. Mortgage refinancing was hard to get approved for because of having bad credit or financial problems. These are the reasons that President Obama enacted his housing stimulus plan.

This stimulus program provides financial benefits to mortgage lenders and banks who help struggling homeowners refinance into a better, more affordable home loan. The cash incentives allow the lenders and banks to approve more “at risk” homeowners and still make a profit their risky investment in homeowners who are financially unstable. Now, lenders and banks are actually looking for struggling homeowners to help and offer new mortgage refinancing options to.

Because of this stimulus program, many homeowners, even those with bad credit, can get a no closing cost, low interest rate, mortgage refinancing. This refinance will lower their monthly payment amount, and could even shorten the length of their loan. Many homeowners will save hundreds of dollars every month, and get some relief for their financial situation. The restrictions and rules that prevented struggling homeowners from getting approved for mortgage refinancing in the past have eased, and nearly any homeowner is now able to take advantage of the all time low interest rates available right now.

Homeowners are being told to take advantage of this situation and get the help while it is available.

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

Many homeowners want to refinance to take advantage of record low home interest rates. However, most people have never refinanced before and have some questions. Here are a few answers for some of the most frequently asked questions about refinancing a home mortgage.

Does mortgage refinancing make sense for me?
Many homeowners these days are wondering if refinancing can help them. The first thing homeowners should do is determine their financial and mortgage goals. Do you need a cash back refinancing? Do you need lower monthly payments to ease financial strains every month? Want to shorten the length of your home loan? Any of these things can be done through a variety of home loan refinance options. After you have defined your goal and what you want, contact a variety of mortgage lenders and banks to see which one can offer you the best rates, and service.

Are loan agents and officers necessary when I apply for a mortgage refinancing?
That all depends. If the mortgage refinancing is pretty straight forward, it may be easy enough to do alone. However, if the homeowner has bad credit, an upside down mortgage, or is not able to document their income, things may get a bit more complicated. Homeowners with a solid credit rating is much more likely to not need help. Homeowners who have a shaky financial background, who need to close quick, or need other things besides a standard mortgage refinancing may benefit from using the advice of a mortgage or loan officer.

Does the 2% rule matter when refinancing a mortgage?
Not so much these days. Many options now exist that were never around before. With so many options, many of which are no cost and zero points, refinancing costs and fees can be recouped very quickly. However, when paying closing costs and fees, and points, the 2% rule of thumb may still work and provide some basic guidance.

Refinancing a home mortgage would be very beneficial for many homeowners to do right now. There has never been a better time to get approved for a low interest rate home loan refinance. Many homeowners are straining financially and their mortgage payment is the biggest problem. Mortgage refinancing can relieve many peoples financial burdens, save them money, prevent foreclosure, or all three. Everyones situation is different though. Homeowners should contact a variety of mortgage lenders and banks to see which one is offering the best deal.

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

Mortgage refinancing is now easier to get approved for than it ever has been before thanks to President Obamas housing home affordable refinance program, also known as HARP. This program, is designed to help homeowners get approved for a beneficial money saving, foreclosure preventing, mortgage refinancing. Many major banks and mortgage lenders are participating in this program and actually looking for struggling homeowners to help. Here are some things homeowners need to know about refinancing a home loan with Obamas stimulus program.

This program was enacted to help stabilize the housing market, and prevent more foreclosures from happening. Never before has a program this extensive been available to financially struggling homeowners. With this housing affordability refinancing program nearly any homeowner who needs help will get it. The mortgage refinancing options will allow a homeowner to take advantage of the low mortgage interest rates and get into a better, more affordable, home loan.

Since most major banks and lenders are participating in Obamas HARP, most people, even with financial problems, will get approved for mortgage refinancing. The goal is to lower homeowners monthly payments enough that they are able to make mortgage payments, prevent foreclosure, and actually save some money. Millions of homeowners are struggling due to the bad housing market and overall economy, this programs goal is to reverse that. Using this plan, homeowners in nearly any bad mortgage or financial situation will be able to get a home loan refinance that will save them a lot of money, and lower their monthly payments.

Homeowners are actually being invited to come in and talk to participating mortgage lenders and banks about what benefits they can expect from Obamas stimulus plan. This HARP provides guaranteed mortgage refinancing approval for nearly any homeowner that applies for it. The banks and mortgage lenders are actually hungry for struggling homeowner refinancing because they get incentives for helping. These incentives allow them to approve nearly any homeowner for a beneficial mortgage refinancing. Homeowners should take action and get mortgage refinancing help now before their situation gets worse.

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

Many homeowners are struggling out there with bad credit and want to be able to get a mortgage refinancing to help change things. However, getting approved for a mortgage refinance with bad credit is not as easy as it seems. Here are 3 tips for bad credit mortgage refinancing.

The first thing homeowners with bad credit should understand is that right now, nearly every homeowner is facing some type of financial hardship. Your situation is not in any way unique. Knowing this before you apply will help you get in the right mindset. Knowing that your situation is not unique or special means that you need your application to stand out from a ton of others just like yours. It is very important to have copies of all relevant financial documents needed when refinancing. This can include, irs returns, bank statements, statements of income, and anything else. Believe it or not, many applications for mortgage refinancing are returned as incomplete due to homeowners not having all the appropriate paperwork.

Next, homeowners need to do everything they can to control their finances that is possible. They should pay off old lingering debts, and minimize the amount of credit cards that are outstanding. Also, homeowners need to not open any new accounts in the months before applying for a bad credit mortgage refinancing. It does not look good to a potential mortgage lender or bank when you are applying for a bad credit home loan refinance, and have recently used up all of the credit you do have. However, it does look better if you are making an active effort to reduce your debts and pay back money you owe.

The last thing homeowners should do when trying to get approved for a bad credit mortgage refinancing is be open and honest about what your problems were, and what your goals are. Believe it or not, most banks and mortgage lenders would rather work with you than allow you to lose your home. Foreclosures, especially today, do not benefit the seller. If a lender or bank sees you are lying to them, or even thinks it, you will be denied. If they see the true effort you have been making, see your application is filled out totally correct, and see the copies of any financial paperwork that is needed, they are much more likely to work with you.

These 3 tips may seem simple, but when added up, they can really help a homeowner looking for a bad credit loan refinance. Many homeowners are in the same bad financial situation and many are applying for mortgage refinancing. If your application is better, more prepared, and more complete than someone else, you will get the approval while they get denied.

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

A majority of homeowners will be able to benefit from refinancing a mortgage into the low interest rates available today. However, to truly benefit from a home loan refinancing, the homeowner must have a financial goal and plan in mind. Refinancing a mortgage is a very complicated, big, and important decision that is entirely in control of the homeowner. There can be big rewards for the homeowner who properly goes about refinancing. There can also be some draw backs and costs that homeowners who are not prepared will get hit with. Here are the 4 most popular reasons people choose to refinance their home loan.

Switch from an ARM (Adjustable Rate Mortgage) into a Fixed Rate Mortgage

A lot of people who purchased a home during the good economic periods got into an ARM loan. While at the time it seemed ideal, things have changed for many homeowners since then. Now, homeowners are seeing their ARM loans increase in interest rate, which makes their monthly payments even bigger. The worse the housing market and overall economy got, the more the ARM loans went up. Refinancing though can offer a homeowner a chance to get into a new, fixed rate mortgage, that will not change on a whim. Fixed rate mortgages often have a slightly higher interest rate than an ARM loan. However a fixed rate loan will not increase in amount due every month, ever.

Switch from a Fixed Rate Mortgage into a ARM (Adjustable Rate Mortgage)

Many homeowners are in the position to actually benefit from an ARM loan. These types of loans offer very low introductory interest rates. These low rates typically last from 6 months to up to 5 years but vary by loan type and lender or bank. Homeowners may need a little relief for now knowing that in the future, their financial situation will get better. An ARM is also great for homeowners who plan on moving within a few years and who are expecting to sell their home. Not everyone will benefit from an ARM loan. In fact, most people will benefit from the stability of a fixed rate mortgage. However, for some people, an refinancing into an ARM will work great.

Cash Out Mortgage Refinancing

Many homeowners want to tap into the equity they have built in their home and borrow against it. This is called a cash back mortgage refinancing. This type of refinance will allow a homeowner to borrow against the payments they have been making into their home over the years. The money that is borrowed is often at a much lower interest rate than a typical loan. Also, the money can be used for anything the homeowner wants to use it for, with no restrictions.

Save Money and Get a More Affordable Monthly Mortgage Payment

Most homeowners will be refinancing only to take advantage of ultra low interest rates, like those available now. By reducing your home loans interest rate by just 2%, a typical homeowner can see big savings every month on their home loan. The more interest a homeowner can shave off when refinancing a mortgage, the more they will save. An overwhelmingly large amount of homeowners are only interested in refinancing so that they can get into a lower interest rate and better overall mortgage. Which is why right now, with mortgage interest rates near all time lows, is a great time to refinance.

Everyones situation is different. Everyone wants a different outcome when refinancing a home loan. Nobody is going to get the same exact deal as someone else. It is important for a homeowner to take their time, get a financial plan together, and take action. Homeowners should always contact a variety of mortgage lenders and banks to see what option is best for them and their goals.

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

Wells Fargo mortgage refinancing options now exist for nearly any homeowner thanks to President Obamas housing stimulus plan. These new home loan refinance options will allow homeowners with financial hardships the chance to get approved for a foreclosure preventing, money saving, mortgage refinancing. Here are some things homeowners should know about using Obamas stimulus plan with Wells Fargo to get a beneficial, no cost, mortgage refinance.

Wells Fargo is one of only a handful of mortgage lenders or banks who are able to offer homeowners the Obama stimulus plans mortgage refinancing options. Financially struggling homeowners will have a much improved chance of getting approved for mortgage refinancing. This refinancing will allow them to save money, prevent foreclosure, and take advantage of low home loan interest rates that are available now. Thanks to this stimulus, homeowners can get their financial situations in order, help the economy and the overall housing market, and keep their home at an affordable monthly payment that they will be able to keep up with.

Over $75 billion in funding is available to help struggling homeowners get into a better home, and financial situation. This large amount of money is being given to mortgage lenders and banks, like Wells Fargo, who participate in Obamas housing stimulus plan. This money enables lenders and banks to help more people than ever before, no matter their financial situation. Even homeowners who have been denied a mortgage refinancing in the past are now able to get help with Wells Fargo mortgage refinancing.

Homeowners in a variety of bad financial or mortgage situations are actually being encouraged to seek help. Refinancing a home loan with financial problems has never been this easy to do, especially with a bank like Wells Fargo who is participating in Obamas housing stimulus plan. Homeowners should contact their local Wells Fargo to see what new home loan refinancing options exist for them due to Obamas stimulus plan. Homeowners who are struggling should not wait any longer and take action now before their financial situation gets worse, or their home is lost to foreclosure.
-M Petrone

http://www.RefinancingCondo.com

President Obama's home affordable modification program, also known as HAMP, is designed and backed by the government to help financially struggling homeowners get a mortgage modification. Homeowners with upside down home loans will now be able to get a monthly mortgage payment that equals 31% of their gross monthly income. Many homeowners will be able to save a lot of money by taking advantage of this stimulus program, and many already have.

This stimulus is part of a $75 billion plan that is being used to help the economy, and the struggling housing market. In order to get approved for the Obama stimulus plan, which has many benefits, homeowners must meet some basic eligibility requirements.

HAMP basic eligibility requirements:
1.The home that mortgage modification is being applied for must be the homeowners main residence. This program does not apply to second homes, vacation homes, or investment properties.

2.The mortgage must have been on, or after, January 1st of 2009.

3.The home in question must not have a mortgage that was over $729,000 for a basic single family home.

4.Homeowners must have a letter of financial hardships, which include reasons and details as to why, to get approved for a home loan modification using this stimulus plan.

5.The homeowner should not have been more than 30 days late making any mortgage payments in the past full year.

6.Homeowners must be currently paying more than 31% of their gross monthly income. This can include taxes, homeowners insurance, HOA fees, and principal on the loan.

These are the minimal basic requirements for getting a home loan modification approval under President Obamas stimulus program. Each mortgage lender or bank may have additional, or fewer restrictions. This is though a good start on figuring out if you are able to take advantage of this government program to save a lot of money, prevent a foreclosure, or both. If you do not meet the requirements for this loan, you may for meet the requirements for a mortgage refinancing. Either way, government help is available to nearly any struggling homeowner.

Millions of homeowners are struggling and looking for a way to get financial help. That help is now available thanks to the Obama administrations ambitious program that is aimed at helping homeowners. There has never been this much help available for mortgage modifications, and homeowners need to take advantage of it while it lasts. Even people who have been denied in the past are finding it much easier this time around. Banks and mortgage lenders are actually searching for people to help because they get financial incentives from the government for doing so.

No matter what though, make sure to call around to a variety of different lenders and banks. Make sure they know that you are comparison shopping before you commit to anyone. Take your time and ensure that the decision you make was the best one available to you. You do not have to stick with the lender you have now, you have the choice to switch.

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

Mortgage refinancing is a great way for financially struggling homeowners to save a lot of money on their home loans. President Obamas stimulus plan is designed to help homeowners take advantage of low home loan interest rates and get a no cost mortgage refinancing. Here is how homeowners can benefit from this plan and how to take advantage of it.

Homeowners looking for mortgage refinancing usually need to meet a lot of strict requirements in order to get approved. Many financially struggling homeowners were unable to benefit from a low interest rate mortgage refinancing due to restrictions, financial problems, mortgage issues, or a combination of everything. Now though, things have changed and getting approved for mortgage refinancing using Obamas stimulus plan is easier than ever.

Mortgage lenders and banks are now actually looking for struggling homeowners to help. In the past, homeowners who were in trouble would eventually face foreclosure, and the bank would sell the home. Now though, the market has changed and government incentives are actually making the lenders and banks look to help homeowners with new mortgage refinancing or modification options. These options are backed by the government and provide cash incentives to mortgage lenders and banks who help financially struggling homeowners.

Homeowners who are upside down on their mortgages, are behind in payments, have missed payments, or who are facing financial hardships can use Obamas stimulus program to get a mortgage refinancing or modification that will save them a lot of money every month, and even more over the course of the loan. This is a real chance for homeowners to get the financial help they need to help save their homes from being lost, and save money. Mortgage refinancing approval is easy to get now, and homeowners should take action and apply now.

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

Many homeowners are considering getting a mortgage refinancing or modification in order to take advantage of low interest rates. Everyone knows that interest rates are a key to what monthly payments, and overall cost, are. Here are my mortgage interest rate predictions for the rest of 2011. Homeowners who get an interest rate that is even just 1% lower than they have now can save a lot of money every month, and even more overall.

Right now, mortgage rates of 3.75% for a 30 year fixed rate loan. That is near an all time low, and much lower than most homeowners are paying now. Even including closing costs, homeowners who are able to save 2% or more on their home loan will see dramatic reductions in their monthly payments. Sometimes they will even see a reduction in payments, and in the amount of total payments. Many benefits exist for homeowners who are willing to refinance and take advantage.

Rates are low due to government incentives that are keeping the housing industry afloat. Many homeowners are struggling, and new home prices are barely changing from year to year. This has however lowered interest rates to a point where I do not think they will get much lower. I think that home loan interest rates may even fall to 3.5% or so before the end of the year. After that though, I speculate that home loan interest rates will rise to somewhere around 3.9% or 4% by the start of 2012.

Homeowners looking to get a mortgage refinancing should pull the trigger now and take action. There has not been many times that refinancing a home loan would benefit most homeowners. This is one of them. Contact a mortgage lender or bank today to see what home loan refinancing options exist and how much you can save due to record low mortgage interest rates.

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

Mortgage refinancing into a low interest rate just got much easier for millions of struggling homeowners thanks to President Obamas housing stimulus program. This stimulus plan enables nearly any homeowner, in any financial situation, the chance to get approved for a mortgage refinancing that will save them a lot of money, their home from being lost to foreclosure, or both. Here is how this stimulus plan makes refinancing a home loan easier than ever before, for nearly any homeowner.

Many homeowners have tried to refinance their home loan into a new one that takes advantage of the record low interest rates available today. However, many people have found that refinancing a mortgage is not as easy as it once was. Especially for homeowners who are financially struggling. Now though things have changed and Obamas stimulus plan for struggling homeowners makes the mortgage refinancing process easier, and more beneficial, for millions of homeowners. This program was actually designed to help struggling homeowners get approved for mortgage refinancing options that will save them a lot of money, their home, or both.

Mortgage refinancing was always hard to get approved for due to the requirements, and costs involved. This is not true anymore because of President Obamas mortgage refinancing stimulus plan. Now, homeowners with any financial problems can get approved for a no cost, low interest rate, mortgage refinancing. The stimulus money provides incentives to mortgage lenders and banks who participate in this program and help homeowners who need it. Without this program, many homeowners would be denied the help they need and would continue to struggle, or worse yet, lose their home to foreclosure.

Millions of homeowners are eligible to get home loan refinancing help from Obamas stimulus plan. It has never been this easy to get help with a home loan, regardless of financial problems. Homeowners are actually being encouraged to take advantage of this program and get the help they need. Many people have already used this stimulus plan, but many more people are still able to get the help they need. Homeowners should contact mortgage lenders and banks to see what home loan refinancing option is best for them as a result of President Obamas housing stimulus plan. The help is out there, the homeowner needs to take advantage of it.

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

Bank of America is participating in President Obamas HARP program which is a Government stimulus plan that makes refinancing a mortgage easier than ever. Millions of homeowners are eligible to take advantage of this program and get a mortgage refinancing that will save them a lot of money every month. Bank of America is offering near all time low mortgage interest rates, and offering nearly any homeowner a mortgage refinancing option that will benefit them. Heres how homeowners can take advantage of this program, and start saving a lot of money with a Bank of America home loan refinancing.

Before President Obamas mortgage refinancing stimulus plan, getting approved for a low interest rate mortgage refinancing from Bank of America was hard to do. Many homeowners were struggling financially and a lot of them were also behind on their mortgage payments which made things even worse. Now though, things have changed and due to government incentives, Bank of America is able to offer nearly any homeowner, in any financial situation, a mortgage refinancing that will take advantage of the low interest rates available now, and get them approved.

The incentives allow Bank of America, and other lenders and banks, the chance to help ease the failing housing recovery. Many homeowners will lose their home unless they are able to get help. This plans goal is to relieve struggling homeowners, save them money, save their home from being foreclosed on, or both. Many of the restrictions and requirements that were needed to secure a Bank of America mortgage refinancing have been eased which allows more people to apply, and actually get, a beneficial, money saving home loan they can afford.

Homeowners are actually being encouraged to use this plan to their benefit and take advantage. Bank of America is actually looking for people to help, because the Governments incentives they can help more people than ever. Getting a mortgage refinancing from Bank of America is easier to do now than it ever has been before. Homeowners should contact their nearest branch and ask what benefits they can see from refinancing a home loan with Bank of America and President Obamas home loan refinancing stimulus plan.

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

President Obamas home affordable refinance program, known as HARP, is designed to help millions of struggling homeowners save a lot of money, their home from being foreclosed on, or both. This government backed program makes it much easier for nearly any struggling homeowner to get a mortgage refinancing. This program has eased many mortgage lenders and banks refinancing restrictions and made it possible for nearly anyone to get home loan help and a low interest rate.

Many homeowners need help and are at risk of losing their home if something does not help them save money on their monthly home loan. Also, many homeowners are feeling the effects of now having a bad credit rating due to late payments, or even missed payments. This combination has made it hard for people, especially if they are struggling financially, to get a beneficial home loan refinancing. As everyone got into a worse financial situation, the banks also tightened up and made it nearly impossible for the average homeowner to get a mortgage refinancing into the record low interest rates that are available now.

Obamas mortgage refinancing program changes that. This program, HARP, is giving money to mortgage lenders and banks who help struggling homeowners get refinancing that is going to help them save a lot of money. Now, the banks and lenders are actually looking for homeowners to help, due to the government incentives they will get for doing so.

Millions of people are eligible to get mortgage refinancing through Obamas home affordable refinance program. Many people already took advantage of this program and are now on the road to financial recovery. However, many more people can still apply and get approved for mortgage refinancing. Homeowners should contact mortgage lenders and banks to see what the specific qualifications for eligibility are. They should call a variety of different places so that they can help ensure they are getting the absolute best home loan available to them.

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

Homeowners looking to get mortgage refinancing are in luck. New Government programs make refinancing a home loan easier, and more accessible, to homeowners everywhere. In the past, homeowners needed to meet strict requirements and go through hoops to get a mortgage lender or bank to offer them a beneficial mortgage refinancing. Now though, things have changed, and millions of homeowners can easily save a lot of money, their home, or both by refinancing a home mortgage into a new, better, and more affordable one.

A lot of homeowners in the past few years have complained that the mortgage refinancing process is too complicated or too hard to get approved for. That may have been true in the past, but it is not true anymore. Now, because of Government pressure and incentives, many banks and mortgage lenders are able to provide nearly any homeowner a mortgage refinancing option that will benefit them. Before, many banks and lenders had to turn homeowners away due to strict refinancing terms and conditions. Now though, because of Government stimulus money, homeowners are able to get help no matter what situation they are in. The Government is actually providing money to banks and lenders who help struggling homeowners which enables them to offer more people than ever before a chance to save a lot of money, their home from being foreclosed on, or both.

No matter what financial hardships a homeowner may be facing, refinancing a home loan is now a serious obtainable option. Never before has it been this easy to get approved for a low interest rate, no closing cost, mortgage refinance. This is a really great chance for homeowners who are at serious risk of losing their home to foreclosure to get back on track. Mortgage interest rates are near record lows, and many people will benefit by refinancing into a low interest rate. Take advantage now before this Government stimulus program ends.

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

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