Gulf Life Now
Home maintenance, buying and selling your home, personal finance, and other lifestyle topics. Personal experience is the key to topics on Gulf Life Now. You need not live on the Gulf Coast to benefit from this podcast. Topics including taxes and how they affect your decision to buy real estate. Retirement planning and buying or selling a home after retirement.
Visit our website and read some of our many articles some of which are about topics on this podcast. GulfCoastalRealtors.com
Gulf Life Now
Government backed second mortgage loans something new
Apparently, some bureaucrats in DC have not learned their lesson from the massive real estate market failures of 2008-2010. Freddy Mac a government buyer of mortgage paper is starting a new pilot program to buy second mortgages. They want to help people "unlock" that equity in their homes.
When I say the government, I mean you and I will be responsible for those loans if they default. Also pumping more money into the economy will likely push up inflation further causing interest rates to climb.
Listen as we discuss this plan and the potential consequences.