2012 Housing Loan Subsidies (Associated Press)
in Banking, Insurance & Loans ·
Hannah Palmer66 said:Nope. You gotta check the subsidized loan law over on the Associated Press website. The contract has to be signed after this law actually went into effect... 😉
But that just isn't fair...
Someone might end up paying only half for, say, the first four years of their mortgage $1.25 while they only pay $0.67. If we are talking about actual money, everyone should be paying $0.33.
Meanwhile, those of us who struggled through the entire process to secure a loan just a month earlier are stuck paying the full amount...
How can that possibly be considered equitable? Why is it that some people receive maximum relief while others are left to struggle—or perhaps find themselves unable to qualify for a loan at all given their income levels...
It’s just... I suppose I am simply a bit frustrated by the fact that the rules aren't applied equally to everyone.🙂 🙂🙂