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Yes there is a bailout coming for almost everyone. At least that what the politicians say before the November elections. While we agree that many people have been hurt in the current recession and more will be, what we don't agree on is what limits there should be on bailouts. 

It always scares me when someone says, "We are the government and we are here to help!"

The government was always the American people and the ones who ran things were the ones we hired by electing them. (Remember - Government of the people, by the people and for the people) It used to be that our elected representatives worked hard to represent us and not to provide handouts. They worked hard for the future of our nation and not to ensure their re-election.

In our nations history we had representatives who would make the hard, tough decisions which would benefit our nation. They would do the right things.

What is a short refinance?

Simply put it is a refinance for a person or couple who have paid faithfully on their home mortgage and other bills and want or need to refinance but their home is underwater.

Today's refinance mortgages may go up as high as 100% of the appraised value of the home.

However, many people who purchased their homes 2- 5 years ago currently owe more on their mortgage than their home is worth. They also have interest rates much higher than todays rates in the 4's and 5's. For many of these people they would easily qualify for a new home mortgage and save possibly hundreds of dollars per month off of their mortgage but they can not because they are Underwater.

In the US,  many consumers are used to being underwater on their vehicles but not on their home.

Economy & Business Senator Judd Gregg\'s Office US Senate