Rates as Low as Two Percent!

April 2, 2009
I came across an article today that made my mouth almost hit the floor. The link is pasted below, but it stated that some people may see interest rates as low at 2%. I couldn't believe it when I saw it but then I began to read further that it is for people who qualify for the "Making Home Affordable" (MHA) initiative under the new housing stimulus package. I then thought well hey I have a home do I qualify for that, so I looked up another link that shows if you qualify or not. I have not yet completed everything to see if I do qualify but apparently 3 to 4 million people will and it's possible that you or I could be one of them. No matter whether we qualify or not it looks like there is some serious help out there for people who really do need it. I also know that these types of programs cause others to hit the roof as they are on time with their mortgages and wonder why they can't get help too. At this point with the economic situation, giving help to some is going to eventually help everyone. I know that there are critics out there as I have heard and talked with many of them but we need to start somewhere. I'm sure there are other things to come but this looks like a promising initiative for some of the home owners who need help. Click on the following links to read the article and then see if you qualify.
http://realtytimes.com/rtpages/20090402_ustreasury.htm

http://www.makinghomeaffordable.gov/