Here are some key elements to Obama's stimulus plan:
If you are already a homeowner, Obama's mortgage stimulus plan Will help lower your monthly mortgage payments
Obama's mortgage stimulus plan also makes it a lot easier for the borrowers to modify the home loans
It is supposed to keep your mortgage interest rates very low, at 4.5%
If you are a homeowner going into foreclosure, Obama's mortgage stimulus plan can really help you before you default on your mortgage because it will allow you to refinance your home at 4.5%
I am not a mortgage broker but this is basically what I have been reading online above this mortgage refinancing recovery plan or whatever the name is for it.
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Posted by Carlos on 3/14/09 1:06 PM
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