Quote:
Originally Posted by DirkFTW
Wait.....
so can we walk away from our student loans yet? (pleasesayyespleasesayyes)
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No, but now that they encourage even more loans to people who can't afford them it'll only be a matter of time! :-)
...but you could tell your wife to quit her job so that your mortgage makes up more than 40 percent of your households income and then they'll make you a special low-interest rate long-term loan refinancing offer that will make you pay less than 40% of your monthly income. That way you'll be able to safe some bucks, because your wife can take care of the house, the children, etc. The other option is ofcourse to stop paying your mortgage if your mortgage is a Fanny/Freddie one...