Quote:
Originally Posted by Marine1974
What does 15 % interest rates do to home values ? Is that good for Americans to lose value of their homes ? The federal reserve is not a form of our government and has no constitutional powers , but here we see they can put a lot of homeowners underwater on their
mortgages . Veterans could be hurt due to 100% financing of a purchase of a homes appraisal.
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It's never a good idea for anyone to buy a house with 100 percent financing. The VA loan program does a disservice to our military members by encouraging them to make bad financial planning decisions. It is touted as a benefit, but it is not a benefit.