I can’t find a website that spells out the details of the most recent stimulus package. Any suggestions?
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Where can I get information on the 2009 stimulus package?
Monday, November 16th, 2009Should I refinance my mortgage even if home value has decreased?
Wednesday, October 7th, 2009We have been in our home for 3 years under a 30year Fixed mortgage. Our current rate is 6.75% and we had put just over 20% when it was initially bought for 4K. Our current principal balance is at 4,604 which is what I assume is the amount that the new mortgage is based off of. If our home value went down due to the market and that it was bought when the market was high, should we look at refinancing if the rate we can get is around 5.25-5.5%?
Have any of you heard the expression, in order to make money you have to spend money?
Tuesday, September 22nd, 2009That’s the same premise as Obam’s stimulus package. The amount of money he’s spending may seem outrageous, but it’s the only way this economic catastrophe is going to turn around.
It’s nothing like what Bush did. he took a record surplus and wasted it on an unecessary war, which took us deeper and deeper into debt, to the point his administration had to start borrowing money. With the domino effect, it turned this country upside down as our economy got worse and worse. He left the Presidency, our country and the American people in a nightmare situation.
Obama’s stimulus package and the amount he’s spending, is the only way banks will be able to start lending people money again, mortgage companies to negotiate mortgages that people can afford, rather than not paying anything and going into foreclosure and allowing credit companies to give people credit and eventually lower interest rates, so people start using credit again and paying their bills, rather than going into bankruptcy and credit companies losing billions of dollars. This is how money will start getting back into circulation and into our economy.
Hate Obama is you want, give his plan a chance. No one screwed the Americam people like Bush. Obama can’t make things any worse. The hopeful outcome will only make this better. Your opinions are welcome. Your sarcasm is not.
To": NONO: You need money to spend money and right now most people DON’T have money to spend. The hope is, this plan will change that.