Latest Obama mortgage reliefSubmitted by An agitator on Fri, 11/04/2011 - 18:58
Well I just heard about this a few days ago. And already my bank is calling me trying to try and get me to refinance and telling me I qualify. And get this. I don't have to show proof of income.
Now, I'm wondering though, if this is supposed to be helping those that can't afford to pay because of the real state bust, why they are calling me? I can afford my mortgage, my interest rate was common at the time, and the house hasn't really lost much in value. Not to mention its a rental home. So another case of the gov't at work giving loans to anyone to try and fix the problem that resulted from giving loans to anyone.