Detailed text transcripts for TV channel - CNN - 20110405:19:46:00
And next, we have this one from wisconsinment i have a home loan that is 12.44% interest and i want to know how to lower it. now the loan company told me they do not lower interest rates. john, what to do, because that is really high? >> well, 12% on a credit card is good, but 12% on a mortgage is brutal. look, you don't get 12% on a mortgage unless you have bad credit. step one, to increase the credit, because without great credit scores, it won't matter. there are programs to help her. the harp program under the president obama's making home affordable is a program designed for people with h...
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