Doing More With Less Since 1972

Author: Scott (Page 73 of 80)

Excuse My Language

But there’s really on one way to say it…

BULLSHIT!

Taxpayers and your mortgage lender will share the costs of lowering your payments to 31% of your income. That may mean interest rates as low as 2%. Or you may get the principal reduced. And if you pay your mortgage on time, the taxpayers will pay off as much as $1,000 of your loan each year for five years. For someone on $50,000 a year, this could be worth $4,500 a year, tax free. Those whose mortgage payments are less than 38% of their income get no help.

The Housing Bailout: Do You Qualify? – WSJ.com. Read the whole thing.

This is disgraceful.

« Older posts Newer posts »

© 2026 Scott Adcox

Theme by Anders NorenUp ↑