Re-Fi your Mortgage

2 all my friends who r HOMEOWNERS

Re-Finance your mortgage if you can.. rates are at 50 year lows ... banks are stingy in their lending, but if you can Re-Fi, do IT

Re-Fi is Good for YOU & Good for the US Economy

Write to your Congress person and Senators & state officials, ask why Washington is not doing more for homeowners, as this economy will not get going without housing gettin' fixed

Why Re-Fis would help:

     1. CBO estimates that 3.8% of all refinancing prevent a default that would have otherwise occurred.
     2. The homeowner is more likely to spend the money saved than the investor who would otherwise have received the money.                                  3. Christopher Mayer of Columbia University, a big refi fan, notes: "About one-half of all outstanding bonds are owned by overseas investors ($800 billion), or various government entities including the Government Sponsored Enterprises ($600 billion), Treasury and the Fed ($1.2 trillion.) Many more are owned by banks ($1.0 trillion) who already have excess reserves, so the impact of these reductions on their 'spending' or lending is also likely small. So the net impact on macro stimulus is likely large."