"SoCalMike" wrote in message
...
Chris wrote:
It's not welfare, it's a loan with a low interest rate. Funny how only
in this
country "welfare" is a bad word. We are so brainwashed in this country.


I am open ears as to what program this is? Better yet what are the
qualifications?
Please do tell!


doesnt HUD give loans?


HUD guarantees loans to the original loaner or mortgagee. Much like PMI
that us working stiffs pay for, if needed. In other words, another source
of welfare provided by our government.

This is, given his comments, as our disillusioned friend has, another
handout from our government. Although the welfare poster may be correct,
many government programs barley trust them to pay the mortgage they insure,
yet alone the associated flood insurance. Nor do they trust the homeowner's
intelligence to select a safe home, thus the strict guidance on their
insurance. More or less when you are getting mortgage insurance from the
government, they will assume your are an idiot and provide strict guidelines
on the home you purchase. At less some savings for us working stiffs.



--
Chris

If you can read this, thank a teacher. If it is in English, thank a
soldier. If it is in ebonics, thank your Congressman.