Do you plan on using bailout money for your mortgage?

No need to. I put down 20%. Got a 5% fixed rate. Make payment on time every month.

People buy a house that they can't afford with an adjustable rate that gets them in trouble.

Nobody is gonna get any 'bail-out money' from the govt.! It's a scam to help his friends that got in over their heads with flipping properties. Those crooks that are charging the high interest rates, are Bush's base of support!

Grant money? Don't make me laugh! Do you really think the neo-cons will just start handing out cash to plain ordinary people? Maybe what the greedy ,filthy, rich should do ,instead of giving you rebates on interest rates,why not give you Universal Health Care!

"These crooks have taken money from folks that just want to be a part of the 'ownership society' by owning their homes"

Just because you want to be a part of the 'ownership society' doesn't mean you should have not read the fine print of your loan, asked lots of questions and budgeted yourself to see what you could afford. If everyone around you owned a Mercedes, would you buy one if you couldn't afford it?

The government bailing people out is only going to make the problem worse. The money will come from the taxpayers.

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The first poster is correct.

You are misinformed.

What he said was that he proposed that people behind in their mortgages would be able to refinance through F.H.A. if they could prove that their mortgages were current before the rates adjusted and they had 3% equity in their homes.

This is far from a bailout.

From what I heard yesterday he's not bailing out anybody. They should have known that they were buying something they couldn't afford. He said he wants the banks and lenders to work with comsumers to lower interest rates to reasonable levels, but if the govt bails everyone out, then no lesson will have been learned and the banks and lenders and borrowers will be free to just do it once again with no consequences.