This Government bailout plan offers a wide variety of new options for homeowners wishing to mortgage refinance with bad credit or get a mortgage modification. Many homeowners who would never have gotten an approval, are now getting it with this Obama stimulus plan. With the high rate of mortgage defaults and foreclosures, this plan will help many people avoid this.
Fill Up Small application Form to get approved for Mortgage Refinance with Bad Credit
This is all possible because of over $75 billion in aid which is now available to assist homeowners. This money will be given to lenders and banks every time they help a homeowner according to the stimulus plan. This cash will cover all closing costs and fees, as well as some of the risk the lender is taking on when they approve a hurting homeowner. This money allows mortgage lenders and banks to loosen their restrictions for mortgage refinancing or modification, and approve more homeowners than ever before. Mortgage interest rates can be reduced to 2%, and even homes worth less than the mortgage can get refinanced.
