Does New Stimulus Mortgage Refinance Options from Bank of America?
Bank of America is now offering homeowners new refinancing and mortgage modification options thanks to President Obamas stimulus plan. This $75 billion stimulus will allow banks and lenders to help homeowners in all types of bad situations. Bank of America is now offering these new plans to homeowners. Here are some things you should know. Over $75 billion is available as an inventive to get lender and banks, like Bank of America, to offer refinancing and mortgage modification options to help homeowners save money, and their home from being lost. The thought behind this plan is that if a homeowner is able to make the monthly payments, they will. However, many people are having financial or home loan problems, and are losing their houses to foreclosure at a record pace. This plan aims to help homeowners by giving money to mortgage lender and banks who abide by the plans guidelines and help homeowners. Bank of America mortgage refinancing options now exist which do just that.
