Home loan vs mortgage loan: Know the difference

In this episode of the Richard Leonard Show, Richard and Jason Ous dive deep into recent developments involving the US government's efforts to bail out veterans or the Veterans Affairs against home loan foreclosures. They question if the proposed solution of adding missed payments to the end of the mortgage is feasible, considering the unique rules of loan contracts. They also discuss potential causes of this crisis, touching upon financial literacy, affordability in the current economy, and potential misuse of the system. The conversation emphasizes the urgent need for a practical, fair strategy to avoid such crises in the future.