Dear President Obama,
If you want to make home ownership a reality for the masses you should nationalize the interest rate for home loans at 3%. You saved the banks now it’s time to save the American Dream for the masses. If you had to pick a loan, which loan would you choose?
$250,000 Loan at a 6% interest rate
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Mortgage Repayment Summary |
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$1,498.88Monthly Payment |
$539,595.47Total of 360 Payments |
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$289,595.47Total Interest Paid |
Dec, 2039Pay-off Date |
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$250,000 Loan at a 3% interest rate
Mortgage Repayment Summary |
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$1,054.01Monthly Payment |
$379,443.63Total of 360 Payments |
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$129,443.63Total Interest Paid |
Dec, 2039Pay-off Date |
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