Just a thought...I have been thinking about how we could help the homeowners out...and the Banks as well..
I don't know for sure, however, I think that it could be a win/win for all if the Banks would just lower the rates for the homeowners and keep the balance the same...Reducing $100,000 from 6% to 4% would save the homeowner $122 per mo, or nearly $1,500 per year...I think that it could ease the pinch a little...
The banks would receive their investment back instead of having to foreclose and evict, the Homeowner would have his load lightened a little and have a little extra cash to use on other household items.
Let me know what your thoughts are!!!
No comments:
Post a Comment