Q&A: Does anyone else think that the stimulus package should be given to the people, not through “programs”?

Question by Loving Mommy: Does anyone else think that the stimulus package should be given to the people, not through “programs”?
I just read an article that said 1 trillion dollars equals out to $ 12,000 per family of four. I feel like that could get a lot of people out of a lot of debt. Some would pay off credit cards (bailing them out), some would buy new cars (bailing out the auto industry- or proving who still “has it”), some would use it as a down payment on a home, or pay towards their mortgage for which they may have fallen behind (mortgage companies and homeowners bailout), and some could even use it to pay off other bills in order to qualify to refinance their home. Isn’t it a win-win situation? I don’t understand why this is not what the government is proposing, and I am looking for some intelligent opinions to make me understand. Thanks!

Best answer:

Answer by Sway
I dont think there should be ANY more stimulus packages

What do you think? Answer below!

Anyone heard of a “short pay refinance” option on home mortgages? How does it work?

Question by hotguyfromrincon: Anyone heard of a “short pay refinance” option on home mortgages? How does it work?

Best answer:

Answer by heidifmolina
I’ve never heard of mortgages having that “option” A short pay refinance is done when you need to refinance and you qaulify for the loan but the house is upside down in value. Then it’s up to the bank to accept a short payoff on the home without coming after you for the difference. These are being done as long as the bank agrees to the terms, contact an FHA HUD approved lender and get more info from them.

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