Tuesday, October 25, 2011

Barack Obama's Student Loan and Home Mortgage Proposals still tap dance around the real issue, the interest rates on those loans and mortgages.

Barack Obama is somewhat attempting to help both homeowners and those with student loans. However, until people can actually renegotiate existing loans without first being put into default, these changes are baby steps at best.

Read about Obama's new student loan proposals here. Read about Obama's new home mortgage proposal here.    

Orginally, Obama would only allow a homeowner to apply for HAMP if they first defaulted on their mortgage payments, now Obama is only helping those who have not defaulted on their home mortgages. 

Just sayin.

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