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  #1  
Old 12-10-2008, 09:09 AM
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So all of you that pay your mortgage...

are we going to see any rate cuts???

http://money.cnn.com/2008/12/08/news...ion=2008120917
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Old 12-10-2008, 01:50 PM
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Seeing my wife got laid off I was thinking of calling the banks and asking for a rate cut or a principal reduction. My problem will be I've never missed a payment or even been late.

Can't hurt to try I guess.
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Old 12-10-2008, 03:09 PM
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Unfortunately it's those of us who manage to pay our mortgages no matter what, that will get left out of any opportunities for relief. After all, why help honest people that bust their asses to do the right thing?
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Old 12-10-2008, 03:11 PM
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Working on it right now. Getting a good drop in interest rate.
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Old 12-10-2008, 03:27 PM
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Quote:
Originally Posted by PersonaNonGrata
Unfortunately it's those of us who manage to pay our mortgages no matter what, that will get left out of any opportunities for relief. After all, why help honest people that bust their asses to do the right thing?
Why pay the mortgage?? Sounds like being fiscally responsible is so...so passe....Just tell the bank you ain't got the money....why suffer when your next-door neighbor is getting "bailed out" for $700 billion. So John Doe gets to stay in a 6-BR bloated Colonial that he could never afford in the first place, while you're busting your hump trying to pay off a modest 3-BR 1970 split-level??
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Old 12-10-2008, 05:18 PM
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I guess the easy answer is to stop paying your mortgage
and see if it's worth the trouble.........
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Old 12-10-2008, 05:26 PM
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Yeah, Foreclosure is nice!
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Old 12-10-2008, 05:27 PM
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Why is it in this country when you screw up the government does everything they can to help you and when you do OK or even do well you need to be paying more to help out.
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Old 12-10-2008, 05:30 PM
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Quote:
Originally Posted by The Cleaner
Why is it in this country when you screw up the government does everything they can to help you and when you do OK or even do well you need to be paying more to help out.
You make it sound like those are the only 2 posibilities. How about those who do their best, but still cannot manage? There are plenty in that boat.
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Old 12-10-2008, 05:58 PM
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Quote:
Originally Posted by Eric5273
You make it sound like those are the only 2 posibilities. How about those who do their best, but still cannot manage? There are plenty in that boat.
Maybe they should have not purchased a house they can not pay for. If you do your best and can't manage then cut some assets. Doing your best and not doing well is not uncommon, I am in sales and lose sales every day and I do my best.

We are already seeing 2 time losers that have had mortgages adjusted. When is enough enough?
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