Home › Forums › Financial Markets/Economics › Low Mortgage Interest Rates For Everyone!!!: U.S. May Back Refinance Plan for Mortgages
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moneymaker.
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August 25, 2011 at 5:49 PM #725706August 25, 2011 at 6:35 PM #724506
moneymaker
ParticipantMy idea about getting rid of the 401K penalty for paying down the mortgage or down payment on a house would at least put some skin in the game for homeowners/buyers.I’m not talking loan or gift but some relaxing of the rules. It would even benefit the government with more tax revenue. Right now the only way it can be done is with a loan or penalty(if no longer employed by administrator of plan). I think it is a win-win idea, I personally would not benefit from the idea but many would. Would it hurt the stock market? Probably a little but I think the market right now is strong enough to handle it.
August 25, 2011 at 6:35 PM #724595ParticipantMy idea about getting rid of the 401K penalty for paying down the mortgage or down payment on a house would at least put some skin in the game for homeowners/buyers.I’m not talking loan or gift but some relaxing of the rules. It would even benefit the government with more tax revenue. Right now the only way it can be done is with a loan or penalty(if no longer employed by administrator of plan). I think it is a win-win idea, I personally would not benefit from the idea but many would. Would it hurt the stock market? Probably a little but I think the market right now is strong enough to handle it.
August 25, 2011 at 6:35 PM #725192ParticipantMy idea about getting rid of the 401K penalty for paying down the mortgage or down payment on a house would at least put some skin in the game for homeowners/buyers.I’m not talking loan or gift but some relaxing of the rules. It would even benefit the government with more tax revenue. Right now the only way it can be done is with a loan or penalty(if no longer employed by administrator of plan). I think it is a win-win idea, I personally would not benefit from the idea but many would. Would it hurt the stock market? Probably a little but I think the market right now is strong enough to handle it.
August 25, 2011 at 6:35 PM #725348ParticipantMy idea about getting rid of the 401K penalty for paying down the mortgage or down payment on a house would at least put some skin in the game for homeowners/buyers.I’m not talking loan or gift but some relaxing of the rules. It would even benefit the government with more tax revenue. Right now the only way it can be done is with a loan or penalty(if no longer employed by administrator of plan). I think it is a win-win idea, I personally would not benefit from the idea but many would. Would it hurt the stock market? Probably a little but I think the market right now is strong enough to handle it.
August 25, 2011 at 6:35 PM #725711ParticipantMy idea about getting rid of the 401K penalty for paying down the mortgage or down payment on a house would at least put some skin in the game for homeowners/buyers.I’m not talking loan or gift but some relaxing of the rules. It would even benefit the government with more tax revenue. Right now the only way it can be done is with a loan or penalty(if no longer employed by administrator of plan). I think it is a win-win idea, I personally would not benefit from the idea but many would. Would it hurt the stock market? Probably a little but I think the market right now is strong enough to handle it.
August 25, 2011 at 6:57 PM #724516jpinpb
ParticipantAs CAR said, a huge amount of consumer spending in the economy HAS been going on for 2 years.
It’s called living mortgage-free and the bank not foreclosing.August 25, 2011 at 6:57 PM #724605ParticipantAs CAR said, a huge amount of consumer spending in the economy HAS been going on for 2 years.
It’s called living mortgage-free and the bank not foreclosing.August 25, 2011 at 6:57 PM #725202ParticipantAs CAR said, a huge amount of consumer spending in the economy HAS been going on for 2 years.
It’s called living mortgage-free and the bank not foreclosing.August 25, 2011 at 6:57 PM #725358ParticipantAs CAR said, a huge amount of consumer spending in the economy HAS been going on for 2 years.
It’s called living mortgage-free and the bank not foreclosing.August 25, 2011 at 6:57 PM #725721ParticipantAs CAR said, a huge amount of consumer spending in the economy HAS been going on for 2 years.
It’s called living mortgage-free and the bank not foreclosing.August 25, 2011 at 7:25 PM #724526Reality
Participant[quote=sdrealtor]PR
That program is already available to renters so no new program is needed. Its called buying a house at historically low interest rates when prices have dropped substantially from previous highs in nearly every market in the US.[/quote]“dropped substantially from previous highs”
So. Prices are still artificially high with the low interest rates, and this is still a giveaway to those who bought at higher rates, when homes were priced factoring in those higher rates.
New buyers get nothing from this except probably less inventory to pick from.
August 25, 2011 at 7:25 PM #724614Participant[quote=sdrealtor]PR
That program is already available to renters so no new program is needed. Its called buying a house at historically low interest rates when prices have dropped substantially from previous highs in nearly every market in the US.[/quote]“dropped substantially from previous highs”
So. Prices are still artificially high with the low interest rates, and this is still a giveaway to those who bought at higher rates, when homes were priced factoring in those higher rates.
New buyers get nothing from this except probably less inventory to pick from.
August 25, 2011 at 7:25 PM #725211Participant[quote=sdrealtor]PR
That program is already available to renters so no new program is needed. Its called buying a house at historically low interest rates when prices have dropped substantially from previous highs in nearly every market in the US.[/quote]“dropped substantially from previous highs”
So. Prices are still artificially high with the low interest rates, and this is still a giveaway to those who bought at higher rates, when homes were priced factoring in those higher rates.
New buyers get nothing from this except probably less inventory to pick from.
August 25, 2011 at 7:25 PM #725368Participant[quote=sdrealtor]PR
That program is already available to renters so no new program is needed. Its called buying a house at historically low interest rates when prices have dropped substantially from previous highs in nearly every market in the US.[/quote]“dropped substantially from previous highs”
So. Prices are still artificially high with the low interest rates, and this is still a giveaway to those who bought at higher rates, when homes were priced factoring in those higher rates.
New buyers get nothing from this except probably less inventory to pick from.
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