| Mortgage rates are at all time lows, and there is an | | | | Government to give to approved mortgage lenders |
| amazing stimulus plan available from the Government. | | | | and banks. This money will pay for the closing costs |
| This means that right now, refinancing a mortgage can | | | | and fees a homeowner is usually responsible for. Also, |
| save millions of homeowners a lot of money or their | | | | this money will be given to the mortgage lender or |
| home from being lost. Regardless of what you hear, | | | | bank for every successful year a homeowner pays |
| getting approved for refinancing is easier than ever, no | | | | their mortgage after using this plan. That means that |
| matter a homeowner's financial situation. | | | | homeowners are easily able to get approved for a |
| Why is refinancing easy to get? President Obama's | | | | truly beneficial mortgage refinance or modification. |
| "Making Home Affordable" plan is a mortgage | | | | Many homeowners are struggling financially. They are |
| refinancing and modification stimulus which helps | | | | either stuck in a bad mortgage, have seen their income |
| struggling homeowners. This is done by allowing | | | | reduced, lost their job, and are now at risk of losing |
| homeowners a chance to refinance or get a home | | | | their home. President Obamas mortgage stimulus plan |
| loan modification into a payment which is less than 31% | | | | will help an estimated 8 million homeowners avoid |
| of a mortgage holders gross monthly income. This will | | | | losing their home. This will help neighborhoods, the |
| be done by reducing mortgage rates to 2%, or | | | | housing market, and the entire economy. Right now, |
| increasing the length of a home loan. | | | | help is available. Homeowners need to use this plan for |
| There is well over $75 billion dollars available from the | | | | themselves, and get into a better mortgage. |