FHA Mortgage Guide

Eleanor Thorne says the President took changes for FHA mortgages out of the stimulus package.

However, she likes the idea of the stimulus package and says “FHA Reform is necessary for tens of thousands of Americans who no longer qualify for Conventional Financing, and who are interested in HELPING the ECONOMY by purchasing one of the millions of homes now on the market. The Stimulus package incredibly offered to include this legislation, but the President took that option off the table this week. FHA REFORM would be quickly passed if they would include it in the Stimulus package - AND this would actually create a STIMULUS!”

Allow me to offer a different view.

First, the “stimulus package” is nothing more than additional federal debt, something which is hardly a positive.

Second, the package is small relative to the massive size of the U.S. economy, thus it may not do much — if anything.

Third, stimulating the economy at this time may not be wise if the end result is the encouragement of inflation and higher mortgage interest rates.

How about you? What do you think? Feel free to post your view.

Check out these FHA resources for more information

This entry was posted on Wednesday, February 6th, 2008 at 3:08 pm and is filed under FHA. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.