Core Financial Values

Encourage Americans to Own "Free and Clear"

Posted on Sunday, May 24, 2009

Washington should be encouraging this type of decisions making by giving us all more incentives to do it.

*Maybe special tax write offs for folks who elect to pay of their loans quicker or own their homes from and clear.

*Maybe bailout money to help make the rates on 15 year loans even lower than longer amortization loans or annual payments to reward people who keep current on them.

*Maybe taxes on cash out refinance funds to disuade people from using their homes like ATMs.

*Or higher pay structures for mortgage brokers who sell more 15 years loans (or conversly, take the broker who sell the riskier loans - anything to dissuade them from pushing those higher products that generally generate more money for them).

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