[joec]

A lot of loans are already GSE owned and the whole mortgage market over the last 3-5 years was GSE so it would certainly stimulate the economy contrary to some of the non-supporters here for whatever reason.

I can understand folks not wanting ANYONE else to have any benefit (we’re selfish as a society and people that way), but this would probably end up helping you actually when you actually put real dollars in people’s pocket to spend some of.

With the limited downsides of this and the large $$ amount, I’m hoping the guv’ment does something right for once.

As sdr mentioned, try getting any time of day for anyone to bother refinancing you when you are self employed…they simply don’t want to bother and it’s a major pain the ass. We’re at 4.875 right now so not too bad, but 4% can’t hurt and never missed a payment on anything…ever.

As for renters missing out on benefits, I’ve rented my whole life till recently and you can bet as a home buyer, you spend TONS more money getting your home setup and maintained. Landscaping, window coverings, lawn mowers/trimmers, flooring, appliances, more/nicer furniture, etc…

If this passes, I could see spending on a tv, computer and car shortly 🙂

[joec]

A lot of loans are already GSE owned and the whole mortgage market over the last 3-5 years was GSE so it would certainly stimulate the economy contrary to some of the non-supporters here for whatever reason.

I can understand folks not wanting ANYONE else to have any benefit (we’re selfish as a society and people that way), but this would probably end up helping you actually when you actually put real dollars in people’s pocket to spend some of.

With the limited downsides of this and the large $$ amount, I’m hoping the guv’ment does something right for once.

As sdr mentioned, try getting any time of day for anyone to bother refinancing you when you are self employed…they simply don’t want to bother and it’s a major pain the ass. We’re at 4.875 right now so not too bad, but 4% can’t hurt and never missed a payment on anything…ever.

As for renters missing out on benefits, I’ve rented my whole life till recently and you can bet as a home buyer, you spend TONS more money getting your home setup and maintained. Landscaping, window coverings, lawn mowers/trimmers, flooring, appliances, more/nicer furniture, etc…

If this passes, I could see spending on a tv, computer and car shortly 🙂

[joec]

A lot of loans are already GSE owned and the whole mortgage market over the last 3-5 years was GSE so it would certainly stimulate the economy contrary to some of the non-supporters here for whatever reason.

I can understand folks not wanting ANYONE else to have any benefit (we’re selfish as a society and people that way), but this would probably end up helping you actually when you actually put real dollars in people’s pocket to spend some of.

With the limited downsides of this and the large $$ amount, I’m hoping the guv’ment does something right for once.

As sdr mentioned, try getting any time of day for anyone to bother refinancing you when you are self employed…they simply don’t want to bother and it’s a major pain the ass. We’re at 4.875 right now so not too bad, but 4% can’t hurt and never missed a payment on anything…ever.

As for renters missing out on benefits, I’ve rented my whole life till recently and you can bet as a home buyer, you spend TONS more money getting your home setup and maintained. Landscaping, window coverings, lawn mowers/trimmers, flooring, appliances, more/nicer furniture, etc…

If this passes, I could see spending on a tv, computer and car shortly 🙂

[joec]

Some Cal Poly SLO talk, but for whatever reason, I got denied admittance there while I got accepted into UC Berkeley, UCLA, Davis, San Diego, a few state schools, etc.

Not sure if it is that family connection thing or what. Didn’t apply back then to more expensive schools since I don’t think my parents wanted to pay out of state tuition or private schools.

[joec]

Some Cal Poly SLO talk, but for whatever reason, I got denied admittance there while I got accepted into UC Berkeley, UCLA, Davis, San Diego, a few state schools, etc.

Not sure if it is that family connection thing or what. Didn’t apply back then to more expensive schools since I don’t think my parents wanted to pay out of state tuition or private schools.

[joec]

Some Cal Poly SLO talk, but for whatever reason, I got denied admittance there while I got accepted into UC Berkeley, UCLA, Davis, San Diego, a few state schools, etc.

Not sure if it is that family connection thing or what. Didn’t apply back then to more expensive schools since I don’t think my parents wanted to pay out of state tuition or private schools.

[joec]

Some Cal Poly SLO talk, but for whatever reason, I got denied admittance there while I got accepted into UC Berkeley, UCLA, Davis, San Diego, a few state schools, etc.

Not sure if it is that family connection thing or what. Didn’t apply back then to more expensive schools since I don’t think my parents wanted to pay out of state tuition or private schools.

[joec]

Some Cal Poly SLO talk, but for whatever reason, I got denied admittance there while I got accepted into UC Berkeley, UCLA, Davis, San Diego, a few state schools, etc.

Not sure if it is that family connection thing or what. Didn’t apply back then to more expensive schools since I don’t think my parents wanted to pay out of state tuition or private schools.

[joec]

I whole heartily support this proposal and make it available to people who HAVE been paying their mortgages. I can understand how some people may think it’s unfair, but the whole banking system was only helping the big banks and this would go a long way to have people spend and put dollars back in the economy.

No reason why someone who has been making payments shouldn’t also get a LOWER rate when the government (the people really) own the loan to begin with which will reduce their chance of defaulting as a start and also put another 3% of payment savings in their pockets as well as spending. I know I have a few things on my buy list already if this flies.

I have thought about this plan numerous times as well in the past, but was wondering would bond holders who are getting paid on that 7% bond going to complain? I assume they would be the “LOSER” in this type of deal perhaps if their higher interest rate bond get’s called/refinanced.

Being self-employed now makes me biased since our chances of refinancing are low which I feel is unfair when you have never missed any payments ever.

[joec]

I whole heartily support this proposal and make it available to people who HAVE been paying their mortgages. I can understand how some people may think it’s unfair, but the whole banking system was only helping the big banks and this would go a long way to have people spend and put dollars back in the economy.

No reason why someone who has been making payments shouldn’t also get a LOWER rate when the government (the people really) own the loan to begin with which will reduce their chance of defaulting as a start and also put another 3% of payment savings in their pockets as well as spending. I know I have a few things on my buy list already if this flies.

I have thought about this plan numerous times as well in the past, but was wondering would bond holders who are getting paid on that 7% bond going to complain? I assume they would be the “LOSER” in this type of deal perhaps if their higher interest rate bond get’s called/refinanced.

Being self-employed now makes me biased since our chances of refinancing are low which I feel is unfair when you have never missed any payments ever.

[joec]

I whole heartily support this proposal and make it available to people who HAVE been paying their mortgages. I can understand how some people may think it’s unfair, but the whole banking system was only helping the big banks and this would go a long way to have people spend and put dollars back in the economy.

No reason why someone who has been making payments shouldn’t also get a LOWER rate when the government (the people really) own the loan to begin with which will reduce their chance of defaulting as a start and also put another 3% of payment savings in their pockets as well as spending. I know I have a few things on my buy list already if this flies.

I have thought about this plan numerous times as well in the past, but was wondering would bond holders who are getting paid on that 7% bond going to complain? I assume they would be the “LOSER” in this type of deal perhaps if their higher interest rate bond get’s called/refinanced.

Being self-employed now makes me biased since our chances of refinancing are low which I feel is unfair when you have never missed any payments ever.

[joec]

I whole heartily support this proposal and make it available to people who HAVE been paying their mortgages. I can understand how some people may think it’s unfair, but the whole banking system was only helping the big banks and this would go a long way to have people spend and put dollars back in the economy.

No reason why someone who has been making payments shouldn’t also get a LOWER rate when the government (the people really) own the loan to begin with which will reduce their chance of defaulting as a start and also put another 3% of payment savings in their pockets as well as spending. I know I have a few things on my buy list already if this flies.

I have thought about this plan numerous times as well in the past, but was wondering would bond holders who are getting paid on that 7% bond going to complain? I assume they would be the “LOSER” in this type of deal perhaps if their higher interest rate bond get’s called/refinanced.

Being self-employed now makes me biased since our chances of refinancing are low which I feel is unfair when you have never missed any payments ever.

[joec]

I whole heartily support this proposal and make it available to people who HAVE been paying their mortgages. I can understand how some people may think it’s unfair, but the whole banking system was only helping the big banks and this would go a long way to have people spend and put dollars back in the economy.

No reason why someone who has been making payments shouldn’t also get a LOWER rate when the government (the people really) own the loan to begin with which will reduce their chance of defaulting as a start and also put another 3% of payment savings in their pockets as well as spending. I know I have a few things on my buy list already if this flies.

I have thought about this plan numerous times as well in the past, but was wondering would bond holders who are getting paid on that 7% bond going to complain? I assume they would be the “LOSER” in this type of deal perhaps if their higher interest rate bond get’s called/refinanced.

Being self-employed now makes me biased since our chances of refinancing are low which I feel is unfair when you have never missed any payments ever.

[joec]

Another problem with the higher education debt loads is that all these companies were happy to give away loans since they were protected by government guarantees which inflated what a college should be able to charge in the first place.

Like the 0% money down 100% financed loans, this will blow up similar to the housing market.

Unfortunately, student loan debt can’t be walked away from as mentioned in the article which screws over these young adults a ton more. Sad state…and our education system is still out of money with another double digit increase for all cal state/uc school again.

[joec]

Another problem with the higher education debt loads is that all these companies were happy to give away loans since they were protected by government guarantees which inflated what a college should be able to charge in the first place.

Like the 0% money down 100% financed loans, this will blow up similar to the housing market.

Unfortunately, student loan debt can’t be walked away from as mentioned in the article which screws over these young adults a ton more. Sad state…and our education system is still out of money with another double digit increase for all cal state/uc school again.

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