If the VA can gurantee a loan why can't Uncle Sam?

geetrue · 03-19-08, 12:25 PM

What if they (USA) just gave everyone a VA no variabe prime rate loan?

What the bank agrees to loan the borrower pays, right?

Instead of bailing out banks and investment companies and make no mistake greedy people were buying homes as an investment
till the bubble broke and no one was paying the higher prices.

We should garantee the banks loan letting the government be for the people that pay on time and just want stability in their lives.

The overhead of managing such a program would be lower than the 200 billion dollar bail out Uncle Sam is involved in right now,
plus one investment company of 30 billion dollars alone with other investment banks now crying to save them too

What is a VA Home Loan Mortgage

VA Loan is a home loan mortgage that is made available to Veterans by the Veterans Administration.

VA will allow veterans to purchase a home with no down payment (100% financing)
VA does not actually fund the loan, they simply guarantee the loan for the investors.
VA will gurantee a loan up to $203,000 for eligible veterans.
VA will allow unmarried surviving spouse of veterans to obtain a VA home loan.

03-19-08, 12:25 PM	#1
geetrue Cold War Boomer Join Date: Jan 2002 Location: Walla Walla Posts: 2,837 Downloads: 5 Uploads: 0	If the VA can gurantee a loan why can't Uncle Sam? What if they (USA) just gave everyone a VA no variabe prime rate loan? What the bank agrees to loan the borrower pays, right? Instead of bailing out banks and investment companies and make no mistake greedy people were buying homes as an investment till the bubble broke and no one was paying the higher prices. We should garantee the banks loan letting the government be for the people that pay on time and just want stability in their lives. The overhead of managing such a program would be lower than the 200 billion dollar bail out Uncle Sam is involved in right now, plus one investment company of 30 billion dollars alone with other investment banks now crying to save them too What is a VA Home Loan Mortgage VA Loan is a home loan mortgage that is made available to Veterans by the Veterans Administration. VA will allow veterans to purchase a home with no down payment (100% financing) VA does not actually fund the loan, they simply guarantee the loan for the investors. VA will gurantee a loan up to $203,000 for eligible veterans. VA will allow unmarried surviving spouse of veterans to obtain a VA home loan. __________________