Is there a simple solution to the home mortgage issues?

Deal Score0

Actually, there is.

Have the Feds write legislation that can turn compound mortgage ripoffs into simple interest loans backed by the FEDs.

This would immediately lower the payments, apply tons more to the principle, AND give the loan holder cash flow, both from the home owner AND the feds.

The end results; we don’t spend 700 billion lining the pockets of banks and politicans, the home owner gets a monthly price deal AND applies key cash to the loan quicker.

Now that is a plan, are you listening in Washington? NOPE, special interest is blocking the voice of reason and logic here.
I tell ya…this plan will work.

Compound interest = compounded GREED…we’re being raped.

8 Comments
  1. Reply
    Charles C
    February 24, 2011 at 5:44 pm

    The Liberals are to stupid and really dont care,They want us in Poverty

  2. Reply
    bluechristy12
    February 24, 2011 at 6:16 pm

    NOT BAD .. SOUNDS GOOD TO ME..
    AND I AM NOT EVEN BUYING A HOME BUT I CAN SEE HOW THIS WOULD ENERGIZE OUR ECONOMY
    p.s. I AM A DEMOCRAT BTW

  3. Reply
    ROADRUNNER
    February 24, 2011 at 6:33 pm

    The Republicans want the insurance option as well. I do not like taking the tax payers money for this bail out. The Dems caused this problem with Freddie and Fanny, even President Clinton admits it. Check it out!

  4. Reply
    67 Bronco
    February 24, 2011 at 6:42 pm

    I think it is ironic that the availability of easy credit caused this problem and that the solution is the availability of more credit.

  5. Reply
    I Love God and the U.S.A.
    February 24, 2011 at 7:02 pm

    you are right! Another way is to get the government out of the subprime market and let it take care of itself!

  6. Reply
    monster
    February 24, 2011 at 7:47 pm

    Ya let the people vote. The people in government should just spend the money they have available to them not dream up more ways to spend!
    Let us Decide it’s our money.

  7. Reply
    wilderwriter
    February 24, 2011 at 7:52 pm

    I don’t know what a “compound mortgage” is. I think you have lumped this “idea” of yours with some sort of strange bias against compound interest on savings and it has triggered this childish suggestion of yours. Other than those sub-prime mortgages, such as adjustable-rate notes, all mortgages are simple interest, just like credit card debt. I don’t see anything in your notion that would lower payments. But just imposing some sort of regulation from the Government does not pump more money into The System and it does nothing to bolster confidence in the financial segment of the Market. It’s pretty easy to come up with solutions when you don’t understand the problem.

  8. Reply
    iostream
    February 24, 2011 at 8:17 pm

    I know no one is denying the fact that we need MONEY to fix this problem. Our government “should of” done something about this crisis and not prolong it.

    The way I think of it changing your oil in your car. You are supposed to change it every 3,000 – 4,000 miles. An oil changed is inexpensive $ 30-$ 50. If you change it when it supposed to be change your car will be doing fine.

    But if you do not change your oil on time (acted slowly or procrastinate) you’ll spend hundreds – thousands of dollars in repairs or even you’ll have to purchase a new car.

    Right now this Administration and Congress procrastinated on this issue and we are paying for it.

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