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Unemployed? Get a federal loan to pay your mortgage

by wesleybrivin | October 6, 2010 at 01:08 pm

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Unemployed and can't pay your mortgage? You can soon apply for a no-interest government loan for up to $50,000 to pay your mortgage and cover your arrears for up to two years. The loan will be forgiven if the homeowner stays in the house for five years.

Quote

<p>NEW YORK (CNNMoney.com) -- Unemployed and can't pay your mortgage?</p><p>You can soon apply for a no-interest government loan for up to $50,000 to pay your mortgage and cover your arrears. The loan, which can offer assistance for up to two years, will be forgiven if the homeowner stays in the house for five years.</p>

cnn.com

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latitude thirtyeight

at 17:31 on October 7th, 2010

wow! it's a early christmas present .unemployed millions will be fighting to sign up for this give-a-way .i doubt if even lbj's great society program could have come up with this one. i love the stipulations, no interest loan will be forgiven if you stay in home for five years. where do i sign up! no wonder the dollar is falling ,with programs like this hyper-inflation is right around the corner.