More On Bush’s Bail out proposal
First, who's eligible?
If you have good credit and are current on your mortgage, you're not eligible for the freeze.
If you have bad credit and you are behind on your mortgage, you're not eligible for the freeze.
The only way that you can be eligible for the freeze is if you have bad credit and you're current on your mortgage, and it will reset to a higher rate after January 1, and your mortgage servicer determines that you won't be able to make your mortgage payments after they reset.
Remainder of article
If you have good credit and are current on your mortgage, you're not eligible for the freeze.
If you have bad credit and you are behind on your mortgage, you're not eligible for the freeze.
The only way that you can be eligible for the freeze is if you have bad credit and you're current on your mortgage, and it will reset to a higher rate after January 1, and your mortgage servicer determines that you won't be able to make your mortgage payments after they reset.
Remainder of article
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