The main purpose of this plan is to save maximum number of houses from foreclosure. The foreclosure does not serve the purpose of the creditor or lender because the property prices have depreciated and foreclosure negatively affects the prices of houses in the vicinity.
Some of the main features of the Obama's Mortgage Stimulus Refinance Plan are
as follows:
The rate of interest applicable is going to be fixed at 4.5%
This mortgage modification plan comes as a blessing for those who
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