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Tag Archives: Government Program
Why are borrowers STILL defaulting on mortgages, even though Obama is subsidizing their loans?
Mousey dung asked: Maybe we should now start paying these people’s alimony, credit cards, and car loans too, what do you think? excerpt… The number of homeowners who defaulted on their mortgages even after securing cheaper terms through the government’s … Continue reading
Understanding the Home Equity Conversion Mortgage
Tony Newton asked: You’ve probably have heard of home equity conversion mortgage or HECM. This was introduced by the government through the Federal Housing Administration as a way to assist senior citizens to secure loans. This is a federally insured … Continue reading