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View Diary: Thank You President Obama! I was helped by the $26 Billion Settlement. That's why I'm a Democrat! (280 comments)

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  •  Well said (14+ / 0-)

    I had an ARM up until 2006 and because of DailyKOS, I consider myself fortunate that I was more aware of the impending doom than most. I re-fi'd to a fixed rate right before the chit hit the fan. It cost me, but it would have been an unmitigated disaster if I had not.

    More recently, I decided to lease that house out and buy a condo using my VA (no downpayment) so that my net monthly costs would be substantially less. The VA loan only had a 1 point mortgage insurance requirement thanks to another Obama initiative, rather than 2.5 points, making the entire thing affordable for me to do. I wouldn't have been able to do it otherwise.

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