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Old 01-24-2009, 07:02 AM
R J R J is offline
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Join Date: Jan 2009
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Default If a low rate is good enough for Franks and

Dodd why not the other people with mortgages? they both got low mortgage rates offered to them and they took them. According to the information which is on google, it saved them $40-50,000 a year. they do have million dollar homes, but why couldn't their over-site committees make the mortgage companies give the people lower rates and make the payment affordable and then tack the balance on the end and extend the mortgage. The people would still have a place to live, the mortgage company gets it's money and some day the housing market will come back and people get equity again.This is not to say what they did is wrong, I assume it is just a perk of being in Congress and considered lobbyist payment, if not yo would think the rest would have a fit.OUCH!!!! that would be aton to stick on theend and extend it, but they woudl at least get the cash. Barney and friends got something like 4%, great answer. Thanks.
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