The first house I lived in my parents bought with a VA Loan was that mortgage based on socialism?

Deal Score0

It was backed by the government.

7 Comments
  1. Reply
    teran_realtor
    May 3, 2011 at 11:54 pm

    No. When you get something for the work you did, that’s called “pay”.

    Socialism is when the government takes money from people who work and give it to people who won’t.

  2. Reply
    Charley Rangel
    May 4, 2011 at 12:06 am

    Yes, the USSR provided the same thing for their vets. So what?

  3. Reply
    No more disrespect
    May 4, 2011 at 12:51 am

    no they still had to pay the loan back. The VA just protected the investor. This was just one of the benefits offered to get people to join the military.

  4. Reply
    Mike
    May 4, 2011 at 1:19 am

    No.

    The loan is part of the compensation for serving the country in the military.

    That is not Socialism.

  5. Reply
    Hey there
    May 4, 2011 at 1:50 am

    Veterans earn their benefits.

  6. Reply
    wildcardlx812
    May 4, 2011 at 2:45 am

    First off, a VA Loan is a loan. Secondly, the government is entitled to some taxpayer money. It becomes a problem when the government begins to take massive amounts of money from the most productive private citizens and uses it for some stupid pet project.

  7. Reply
    Blubonic Plague
    May 4, 2011 at 3:42 am

    The VA loan guarantee is just that a guarantee. the government guaranteed the lender $ 10,000 at the time for your parents eight years of service. Your parents had to pay back all of the loan. They just got a cheaper interest rate since they could qualify for %80 percent down instead of %0. If they defaulted the government was just out the 2% difference. That is the least the government could do you parent was willing to give his life for this great country. Thank them if they are still alive for me!!

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