tag:blogger.com,1999:blog-13603472.post8396085585113143717..comments2023-10-24T07:58:58.432-07:00Comments on Scraps of Home: About the BailoutJesshttp://www.blogger.com/profile/18118452795959758596noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-13603472.post-47979595118050188402008-10-01T09:56:00.000-07:002008-10-01T09:56:00.000-07:00Back in the 20's people only ever took loans with ...Back in the 20's people only ever took loans with 75% down and still some people lost their homes. They got 100% financing on that last 25% and couldn't make the payments.<BR/><BR/>What's that saying? "God's Word calls children a blessing and debt a curse. So why do so many of us rush to sign up for the curse and reject the blessings?"Jesshttps://www.blogger.com/profile/18118452795959758596noreply@blogger.comtag:blogger.com,1999:blog-13603472.post-30300912922172846792008-10-01T08:38:00.000-07:002008-10-01T08:38:00.000-07:00Yes, they knew it would happen and did it anyway. ...Yes, they knew it would happen and did it anyway. All of the banks made money off of every loan and lenders received bonuses for so many loans in a day. We will soon see mortgages like we did in the 80's where you will not be approved without 20% down.<BR/><BR/>Reverse mortgages will be the next thing to do this.<BR/><BR/><BR/>Kens 2cents.Anonymousnoreply@blogger.com