Monday, November 17, 2008

Should You Keep Paying Your Mortgage?

Maybe not:
Last week, the government announced a program that will substantially lower payments for many homeowners who have little or no equity, but only if they are at least 90 days delinquent.

Critics say the plan, which applies to loans owned or guaranteed by government wards Fannie Mae and Freddie Mac among others, could encourage people to suspend payments.
Gee. Ya think?

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