All home loans for primary residence shall be reset to the current rate of 4% apr.
Everyone benefits. Significantly fewer loans will go bad. The cost is low and the benefits high!
Why is this important?
To solve the realestate problem, ALL LOANS will be reset to 4.0% interest rate at no cost to the borrower. This will apply only to primary residence loans under 1 million dollars.
We can solve this problem in a way where everyone benefits. This is not a bailout, just a rate reset. Most loans will not go bad if interest rates are simply reset. This makes it happen. The cost is low. The benefit high!
