| Mortgage refinancing with Bank of America (BoA) is | | | | mortgage refinanced for the typical homeowner. The |
| easier than ever. This is thanks to the $75 billion plan | | | | savings being reported are in the hundreds of dollars |
| from President Obama called the "Making Home | | | | per month. Here are some requirements a |
| Affordable" plan. This plan will allow homeowners to | | | | homeowners needs to meet to take advantage of this |
| get a more affordable mortgage through refinancing. | | | | plan from Bank of America for themselves: |
| Bank of America is one of the few approved by the | | | | -The mortgage must have less than $729,500 |
| Government lenders who offer this plan, and here is | | | | remaining on the principal balance. |
| how you can use it too. | | | | -The home must be the primary residence of the |
| This plan works by giving a bulk of the $75 billion to | | | | mortgage holder. |
| mortgage lenders and banks like BoA who approve at | | | | -Homeowners who have a mortgage worth up to 5% |
| risk homeowners. This will minimize the risk on the part | | | | more than their homes market value still have a good |
| of Bank of America and allow them to approve more | | | | chance of getting approved for a refinancing. |
| homeowners for refinancing. This is a great chance for | | | | BoA mortgage refinancing has never been better for |
| homeowners who are searching for a way to save a | | | | a homeowner. This plan will save a lot of people a lot |
| lot of money every month. Right now their has never | | | | of money, and even their homes. Take advantage |
| been an easier or more beneficial time to get a | | | | now. |