So we all have been hearing about the housing bill. This bill would set up a program under which the government would back mortgages that lenders agree to write down in order to avoid foreclosure. Is this a good idea? I think it would be a good idea and the reason is there were way to many mortgage brokers that prayed on people. Does anyone really read anything at there closing or do they just nod there head and sign there life away? I know I signed my life away and as the closer was talking I just signed, signed, signed....Luckily I had a great mortgage guy that I am friends with. Anyway. I think that the government should be going at the bad people. People should have read there paperwork better yes but they should not loose there home because they were given an adjustable rate, So if the bill passes people will be able to stay in there homes. Here's my advice to everyone though...

-Know what your getting in to

-READ EVERYTHING!!!

-If you don't understand something ASK!!

-Talk to your agent and mortgage person.