How does the bailout plan help the average working family who pays the mortgage ontime?

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Answer: Consumer credit, credit cards, auto loans, mortgages, home equity lines of credit, etc. are funded by banks who make the loan then securitize and sell the debt in the Capital markets. If the capital markets freeze or in other words if the rest of the world and investors quit purchasing our debts as securities there will be no money to lend. This means when you go to the store and hand them your VISA Card with a credit limit of say $10,000 which has a current balance of $1,600 you should be able to purchase that new HDTV for $4,100 to watch football on but if capital markets freeze up there will be no money to fund the transaction. Even if you have been making all of your payments on time no money to lend means even if you pay your balance off monthly you will have no access to credit. This means we are back to a cash system and no one will be buying or selling homes, no one will be selling cars except for cash and you will in many cases be unable to even get your money from the bank because believe it or not your money is not sitting in the vault at your local bank. They probably lent it to a builder to build one of those homes which are not selling because they can't get financed. That is the short version. Answer: But the above only works if it works... If the bailout money gets sucked up by the corporate entities that created the problem the answer is "Oh well, can we get some more money to try it again?"
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How much does the average person pay in fees when refinancing a mortgage?

Answer . \nthere is no data on the average person, so i will tell you what to look for at your appointment. They should present several plans to refinance your mortgage.

How family planning does help people?

meal planning affects people due to time because meal planning, we can budget our time more easily and we can have more time for our family.

What is the bailout plan?

The initial bailout plan was for nearly $700 billion. The latest stimulus package is another $250 billion The aim of the bailout plans, stimulus packages etc are to purchas

Does the bailout plan involve a tradeoff?

Yes. the bailout plan can be considered a kind of trade off. This plan can be described as a risky investment, as opposed to an expense. The MBS (Mortgage Backed Securities

How did they vote on the bailout plan?

They voted on the bailout plan just like any bill passed by the government. When the Bill was initially introduced, it had been rejected by the US Senate on Sep 29th 2008.

What is the latest bailout plan?

The latest "bailout" is the automotive bailout of the Big Three automakers, Ford, GM, and Chrysler. Legislation was introduced on Dec. 8th.

Process of a bailout plan?

The Team would identify the companies that need help and purchase illiquid securities from them (Mortgage backed securities, Collateralized debt obligations etc) Buy purcha

Can you get benefit to help pay mortgage if redundant?

You can apply for Income Support for Mortgage Intrest (ISMI) by filling out the form MI 20 which you will get from the Benefits Agency. Your mortgage lender will have to compl
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Ive been off sick with an accident to your back at work your money has gone to half pay would you and your husband be able to get help with our mortgage?

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How can a mortgage company get away with changing their mind on a loan re-mod after paying loyally each month ontime for over 3 years and demand repayment in full then foreclose 2 weeks later?

If you were indeed paying all the monthly installements on time then they can not get away with it as you will have kept the agreement you made - if this is the case go an
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