The Bailout: Part 2

PA_Mom
Wed, 05 Sep 2007 13:28:33 +0000

I have no problem with people buying McMansions if they can afford it. Just don’t ask me to subsidize it! LOL

I saw a Househunters episode recently where a young couple was purchasing a home with an interest-only loan and paying more than my monthly mortgage. That’s insane and it should not be allowed by lending regulations. I thought there were guidelines that had to be followed?