In details released Saturday night of the Paulson Plan, the Treasury intends for us to bailout anyone who purchased “bad” loans. So if you purchased mortgages backed by real estate in the United States, but you live in Dubai, or Spain – our govenrment will include you in the bailout too?
According to Housing Wire “In particular, a section of the fact sheet suggests that U.S. taxpayers may be on the hook for the bailout of foreign corporations as well as those in the U.S. – a significant change from the language sent to Congress in the Treasury’s original proposal.”
I guess Matt Heaton was right – It really is the No Banker Left Behind Act… in the US or the WORLD!
Looking for the Best Mortgage Rates in Raleigh? Call Steve Thorne 919 649 5058.
Everyone’s mortgage gets sold – if you have a rates over 4.625% – you should consider refinancing. There are multiple programs available that will allow us to help you refinance with no appraisal. Often times this is the BEST way to get a loan with fewer years – so you can pay your mortgage off early!
NO Appraisal Conventional loans are available with the HARP Program
We also offer FHA Streamline Refinances.
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