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How To Get a Home Mortgage Refinance with Obamas Stimulus

January 25th, 2010

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Millions of people are able to save a lot of money through new mortgage refinance options from Obamas “Making Home Affordable” plan. Millions of people are eligible to use this housing stimulus plan for themselves. Here is what people need to do to take advantage of this plan and start saving money.

Many people are facing financial hardships that make it hard, or impossible, to pay their home loan every month. This program is designed to lower peoples monthly mortgage payments, save them money, and prevent their home from being lost to foreclosure or default. Homeowners can use this housing stimulus plan and get a mortgage refinancing that will provide them with low interest rates, no closing costs, and money savings.

Homeowners are able to get help because of over $75 billion in funding that is being used to assist struggling homeowners. This money enables mortgage lenders and banks to take more risks and approve more homeowners in more bad situations than ever before. This money acts as an insurance policy of sorts because it is given every time the lender or bank helps a struggling homeowner. Without this incentive money, people would have a very hard time getting approved for a mortgage refinancing.

There has never been this much help available for nearly any homeowner. Do not lose your home to foreclosure or mortgage default and do not pay more than you need to every month. Get a mortgage refinance with Obamas housing program and secure your homes future. Contact mortgage lenders and banks today and see what options exist for you because of the stimulus plan.

I have been underwriting mortgages for years. Recently, I got into a new business but I still wish to share my advice, tips, and industry inside happenings of the mortgage refinancing industry.
For more articles on Mortgage Refinance check out my website

Article Source:http://www.articlesbase.com/mortgage-articles/how-to-get-a-home-mortgage-refinance-with-obamas-stimulus-1782267.html

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How To Get 2% Interest Rates by Mortgage Refinancing or Modification with Obamas Stimulus

January 23rd, 2010

Millions of homeowners can now get approved for a mortgage refinance with 2% interest rates thanks to President Obamas stimulus plan. This is easy to do and designed to help homeowners in nearly any financial situation. Here is how homeowners can easily use this stimulus program and get a 2% mortgage refinance for themselves with President Obamas stimulus.

This program gives cash incentives to mortgage lenders and banks every time they help a homeowner with a mortgage refinance or modification and follow the Obama stimulus plan guidelines. This means that not only are mortgage lenders and banks able to help more people than ever before, they are also happy to. The money they get allows them to take on more risks and take on more people in worse financial situations than ever before.

This money is the reason that mortgage refinancing or modification can be extremely beneficial right now. To get the money, the plan must be followed. Some of the benefits include low interest rates, the ability to get approved if the homeowner has bad credit or an upside down mortgage, and really easy to qualify for requirements. Millions of people can easily save hundreds of dollars per month by using Obamas plan for themselves and prevent their homes from being lost.

Homeowners need to contact their mortgage lender or bank and see if they are able to provide Obamas stimulus plan options for you. This program will help millions of people get a more affordable monthly home loan and save a lot of money. Take action now before things get worse, or more expensive and harder to qualify for.

I have been underwriting mortgages for years. Recently, I got into a new business but I still wish to share my advice, tips, and industry inside happenings of the mortgage refinancing industry.
For more articles on Mortgage Refinance check out my website

Article Source:http://www.articlesbase.com/mortgage-articles/how-to-get-2-interest-rates-by-mortgage-refinancing-or-modification-with-obamas-stimulus-1771755.html

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How Homeowners can Refinance a Mortgage with Obamas Stimulus

January 22nd, 2010

Mortgage refinancing is easier than ever for all homeowners to get approved for thanks to President Obamas stimulus plan. This stimulus program enables millions of people to get help lowering their monthly home loan payments, and will prevent a lot of homes from being lost to foreclosure or default. Here is what homeowners need to know when refinancing a mortgage with Obamas home stimulus plan.

In the past, refinancing an upside down mortgage was nearly impossible without a large amount of cash. Also, homeowners would have a hard time getting approved for a refinance unless they had good credit and no other financial issues. These days though, things have changed. Many people are struggling to make their home loan payments and foreclosure and mortgage default are at all time highs. President Obamas plan will provide help to millions of people by providing them with new, easy to qualify for, money saving mortgage refinance options.

Over $75 billion is being spent to assist homeowners. Over 8 million people can use this program for themselves, save money, prevent their home from being lost, or both. This money is going to be given to mortgage lenders and banks who help homeowners. Every time a lender or bank helps someones using Obamas stimulus plan they will get a cash bonus for doing so. This money enables them to help more people, and take on more risk. That is how getting approved for a mortgage refinance right now is easier than ever before.

Homeowners should use this program for themselves before their situation gets worse. Help is available but people must go out and get it. Mortgage rates are very low and the Obama plan makes refinancing easy. Take action now.

I have been underwriting mortgages for years. Recently, I got into a new business but I still wish to share my advice, tips, and industry inside happenings of the mortgage refinancing industry.
For more articles on Mortgage Refinance check out my website

Article Source:http://www.articlesbase.com/mortgage-articles/how-homeowners-can-refinance-a-mortgage-with-obamas-stimulus-1766874.html

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Get 2% Home Mortgage Rates by Refinancing with Obamas Stimulus Plan

January 19th, 2010

Right now is a great time for struggling homeowners to refinance their mortgage and use President Obamas $75 billion “Making Home Affordable” plan for themselves. Getting approved for a refinance with Obamas stimulus is easy, and homeowners who use it will save a lot of money, prevent foreclosure, or both. Here is what homeowners need to know about Obamas stimulus plan.

This stimulus plan is designed to make it easy for nearly any homeowner to get approved for a mortgage refinancing. This is possible because of the $75 billion in Government money. This money is being given as cash incentives to lenders and banks who offer struggling homeowners a solution that follows the guidelines of the Obama plan. Some of the biggest benefits of the Obama plan that homeowners will see are:

-Mortgage payments every month will not be greater than 31% of a homeowners gross monthly income.

-Interest rates that can be reduced to as little as 2%.

-No cost or fees when getting a mortgage refinancing through Obamas plan.

-Easy approval requirements that allow homeowners with an upside down mortgage, bad credit, or other financial hardships to get approved for mortgage refinancing.

Millions of homeowners across the country are in bad shape. This stimulus plan is a great way for many of them to get their finances in order, save money, and prevent their home from being lost. The cash incentives make mortgage lenders and banks more likely to help more people, including those with financial problems or upside down mortgages.

Homeowners need to use this plan for themselves to prevent their situation from getting worse. Take action and use Obamas plan for yourself and get a mortgage refinancing. The benefits are so great that millions of people will save a lot of money, and their homes.

I have been underwriting mortgages for years. Recently, I got into a new business but I still wish to share my advice, tips, and industry inside happenings of the mortgage refinancing industry.
For more articles on Mortgage Refinance check out my website

Article Source:http://www.articlesbase.com/mortgage-articles/get-2-home-mortgage-rates-by-refinancing-with-obamas-stimulus-plan-1749199.html

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Why choose a licensed mortgage broker over a mortgage banker

January 18th, 2010

There is a popular perception, in the minds of many, that mortgage companies are basically mortgage banks which function by lending their own money in a mortgage deal. However, there are significant differences between the two worth knowing about. Any company you come across today can be clearly classified as either a mortgage banker or a mortgage broker. Let us clarify the reasons for preferring the services of a mortgage broker, instead of a mortgage banker, while securing a loan in the present credit market.

A mortgage broker is an individual who generally deals in selling loans in the secondary markets. The mortgage broker isn’t exactly a direct lender, from whom you can borrow a loan. Put simply, mortgage brokers can be thought of as “money scouts.” They are tasked with investigating and evaluating the credit situation of a person who applies for loan. They then determine which lender best suits the borrowing needs of that person applying for that loan.
The application presented by a home buyer is presented to many different money lenders by a mortgage broker. The broker selects the most suitable match among them, and then follows up with that lender, right on through to the closure of the loan. The best mortgage brokers in the market can find a lender for almost every type of loan requirement.

If you choose to employ the services of a mortgage banker, there’s no question that you’ll save some money on the middle party fee; but your job of acquiring the loan would become much more tedious and time-consuming. It would rest on you to compare money lenders on your own, and if you lack professional negotiating skills, then the best deals, with respect to the terms and conditions of the loan, would simply never be available to you.
Krebs Financial is one such broker, serving the consumers of the Miami area in Florida.  Mortgage brokers can help anyone who wants to take advantage of the present state of housing prices, act quickly and get the best long-term deal.

Krebs Financial of Miami, Florida is a full-service mortgage, credit repair and loss mitigation company with expertise in short sales, loan modifications, reinstatements and more.
www.krebsfinancial.com

Article Source:http://www.articlesbase.com/mortgage-articles/why-choose-a-licensed-mortgage-broker-over-a-mortgage-banker-1743628.html

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