Figured

I figured out what the subprime mortgage crisis purpose is…what do you think?

May 182011

Starting with Carter’s “Community Reinvestment Act” on to Obama suing Citicorp for the Congressional Black Caucus to force them to make loans to unqualified buyers…

The whole agenda was to make taxpayers buy homes for people who otherwise could never afford them……..

The plan was after people who could not repay their loans defaulted and foreclosures began, that would be used as a sympathy issue and more bailouts would be called for (or it would be “cruel”). Now 40% of those who were offered refis to prevent foreclosures, defaulted yet again!

There were 1 MILLION foreclosures. If an average house costs $ 200,000, WHY DIDN’T WE JUST BUY A MILLION HOUSES AT $ 200BILLION INSTEAD OF BAILING OUT THE BANKS AT $ 700BILLION?

Aren’t we just being royally screwed?

I’ve figured out a way to buy a property w/o having to get a mortgage. Tell me what you think?

Mortgage Loan 4 Responses »

Feb 012011

Let’s say I want to buy a commercial property for 200K and don’t want to put do 30% and get into an 8 – 10% interest rate commercial mortgage. I own a very profitable company which grosses 1M per year, Bank are always offering this company large loans or equity lines on the business. What [...]

What’s the additional cost that needs to be figured into a home loan other than then actual payment?

Mortgage Loan 7 Responses »

Jan 272011

The mortgage company said they would give me a 7% interest rate, not bad considering my credit is shot. So I punch that into a amortization calculator and get a payment on a $ 75,000 house at $ 498.98. Yet, the broker said my payment would be about $ 705. What else are they figuring [...]

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