Dems Called No Money Down Mortgages Great For America. Do You Agree?
March 3, 2010 · Posted in no money down mortgage
No, it wasn’t a good idea. It was a way for people to live beyond their means and for mortgage companies to screw them into payment plans they couldn’t afford. Both sides were wrong and both sides got burned.
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8 Responses to “Dems Called No Money Down Mortgages Great For America. Do You Agree?”
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No. It was obviously not good for America.References :
As long as the people were making enough to make their monthly payments. I bought a house no money down…and paid it off, so it worked for me because I didn’t lie on the application for the loan.References :
No, it wasn’t a good idea. It was a way for people to live beyond their means and for mortgage companies to screw them into payment plans they couldn’t afford. Both sides were wrong and both sides got burned.References :
It worked great, unfortunately it was abused and the bottom was neglected when the cost of living (gas) went up.
I wonder who would be rejoicing because another social program was destroyed.References :
there’s a big difference between a no money down mortgage and an ARM or interest only mortgage… fha loans were no money down until recently… those loans are not what caused the problem.References :
Yeah so was the Vietnam WarReferences :
I got a mortgage with no money down. I’m making my payments. It’s just like everything else, those that abuse it are the problem.References :
can you say fannie may. References :