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Open Question: When do I get my bailout package?

Open Question: When do I get my bailout package?

This is a discussion on Open Question: When do I get my bailout package? within the Mortgage Refinancing forums, part of the Mortgage and Loans Forum category; I have lived in my home with a mortgage since 1979. I had to refinance to keep a business going. ...

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Mortgage Refinancing If your current mortgage has a high interest rate, you’re stuck in an adjustable rate mortgage, or you want cash out or to consolidate your debt, the answer to your mortgage problems is refinancing. Mortgage refinancing allows you to pay off the remainder of your existing loan by taking on a new loan with better terms. However, there are a number of mortgage refinancing options available to you. And within each of these options, there are particulars you need to be aware of.

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10-05-2008, 12:35 AM

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Open Question: When do I get my bailout package?

I have lived in my home with a mortgage since 1979. I had to refinance to keep a business going. Now I am retired and income is not enough to keep up with the payments. It is not a "bad" mortgage like those that the bailout plan will help, but still I am in trouble of losing my home. I think it is unconstitutional for this bailout to help people who made bad decisions about their finances but it is not for anybody who is in trouble because of not enough income after retirement. There is so much "pork" to this bailout that it would make our founding fathers sick. I did not want it to happen but what can I do when Congress is not listening to the people? It is impossible to send an e-mail to any Congressman because they only answer to constituents.

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bailout, open, package, question

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