(2) MODIFICATIONS.—In the case of a residen-tial mortgage loan, modifications made under para-graph (1) may include—-
(A) reduction in interest rates;
(B) reduction of loan principal; and
(C) other similar modifications.
In the Bailout Draft, as expected, modifications regarding residential mortgage loan is included. I am completely for people keeping their homes, but from a home owner fairness [...]
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Bailout Draft Text
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Buy vs. Rent
While researching for home buying tips, I ran across several articles and calculators on the topic of buying a home versus renting. One of the better tools was provided by NY Times in their financial section.
The calculator allows you to enter in your current rent, potential price of a home, and various other factors [...]
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