http://www.fhaloanpros.com/2008/12/hope-for-homeowners-blame-game-starts-in-washington/ The Unofficial Guide to FHA Loans & Mortgages Tue, 16 Mar 2010 17:02:59 +0000 http://wordpress.org/?v=2.6 http://www.fhaloanpros.com/2008/12/hope-for-homeowners-blame-game-starts-in-washington/#comment-37063 JASAM FOREVER Wed, 14 Jan 2009 01:30:13 +0000 http://www.fhaloanpros.com/?p=828#comment-37063 problem is your payment isnt much lower a month than the existing loan, due to if you have debt or bad credit, its 7.5 % so its great they lower the principle, but your monthly payment into their loan doesnt change much from an interest only loan, and it still goes up when your property values go up due to property taxes!! were walking! I thought the whole purpose was for relief, i would rather have the same principle and just lower payments a month problem is your payment isnt much lower a month than the existing loan, due to if you have debt or bad credit, its 7.5 %
so its great they lower the principle, but your monthly payment into their loan doesnt change much from an interest only loan, and it still goes up when your property values go up due to property taxes!! were walking! I thought the whole purpose was for relief, i would rather have the same principle and just lower payments a month

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