Bachmann Used Federally Subsidized Loan for 5,200 Sq. Ft. Home (economy, financial, programs)

[subsound]

Michele "Only I can benefit from these programs" Bachmann is using the programs she hates again.

Bachmann benefited from federal home loan program - The Washington Post

Just a few weeks before Bachmann called for dismantling the programs during a House Financial Services Committee hearing, she and her husband signed for a $417,000 home loan to help finance their move to a 5,200-square-foot golf-course home, public records show.

[blackandproud]

Originally Posted by subsound

Michele "Only I can benefit from these programs" Bachmann is using the programs she hates again.

Bachmann benefited from federal home loan program - The Washington Post

The ole'... I got mine syndrome....smdh..

[cruitr]

5200 sq ft sounds small for a family of 25.

[KUchief25]

Good luck finding a home loan that's not backed by fannie and freddie. Much ado about a hairdo.

[KUchief25]

No its called reality. Half the people in this country don't even know who actually holds their loan. Do you? Fannie holds mine after doing some exhaustive reasearch.

[subsound]

Originally Posted by KUchief25

Good luck finding a home loan that's not backed by fannie and freddie. Much ado about a hairdo.

Look at the words in the title, not the issue isn't that the loan is backed...the issue is that it is subsidized.

If you don't understand what the words tax subsidized means, Google can help you.

[KUchief25]

Did you even read the link? You Bachmann haters are in overdrive it appears. Keep ranting it keep you busy.

[subsound]

Originally Posted by KUchief25

Did you even read the link? You Bachmann haters are in overdrive it appears. Keep ranting it keep you busy.

Yes, the quote above is from the article as well as this.

And like millions of other home purchasers, Bachmann took out a home loan in 2008 that offered lower costs to the borrower through one of the federally subsidized programs, according to mortgage experts who reviewed her loan documents.

You do know many community colleges offer remedial reading programs for those who need it?

[KUchief25]

No if you read the article you would read that they did a refi. How dare they. Your mortgage experts from your link should be identified. LOL

[KUchief25]

Originally Posted by bbbb7778

B of A

It's called reading your mail.

And sure, plenty of people have federally backed mortgages. But not all those people act like shrill banshees decrying any semblance of govt. involvement in the economy, then personally benefit from govt. involvement in the economy.

BOA is most likely your servicer. But you drive on.