Misinformation is rampant on the Internet and a lot of people can be fooled into thinking something is available from the government when it is not. This has especially been the case during President Obama’s term as the number of people who are out to mislead you has skyrocketed.

You might have heard about the Obama first time home buyers program, the Making Home Affordable Program, the first time home buyer stimulus program, or some other variation of those words. Most importantly, you might have been lead to believe that the government and Obama is giving away free money and/or free grants for first time home buyers. That is FALSE!

You cannot and will not receive cash, grants, or money in your pocket for being a first time home buyer from President Obama or the US government. In other words, no one is going to pay you money to buy a home!

You might ask: but what about all the news stories and things you read on the Internet about Obama helping people avoid foreclosures, buy homes, and the free stimulus money for single parents buying homes? All those thing you hear are for tax credits and reduced interest on loans. They are programs that will help you get funding for a house but they won’t flat out give you money to buy one! A good place to go to get your question answered if you are a first time home buyer is here at the Hud.gov website.

The main thing to understand is that any state or government program is there to help assist you in getting a loan and understanding how to buy a home. That is all: they are not there to give you money even though some people make it sound that way.

There are lots of resources that you can use to get lower interest rates and secure the funding you need for your earnest money or down payment on a house. FHA loans for instance, is part of HUD and they have been around since 1934 helping prospective low income earners buy their first home. Be sure to explore the Hud.gov website and there are links there that will send you to every state so that you can read and learn more about what types of assistance might be available to you. Stick to websites that end in “.gov” so that you know that the information you are reading is genuine and real.

The Internet is a great resource and it brings so much information right to our fingertips. But sometimes it can be confusing and it can be hard to find exactly what you are looking for. President Obama is in office and many people are now interested in college financial aid and other financial aid grant programs. Where does one go to find out more information about such things in the year 2010? Well…they go to the Internet of course.

The usual thing to do is to go to Google and do a search for “Obama financial aid” or “financial aid for college” or whatever you are specifically looking for. You will then get the top ten results listed on the first page. The problem is that many times these results are dubious and confusing and often they are downright useless.

People need money and they need debt help. They voted for a new President in hopes that they could get some financial aid from Obama and the government. They are now turning to the Internet to find out what is available and what they are finding is very little information that they can actually use and understand.

As an example, I looked for Obama financial aid information and found almost nothing of any use. This goes to show why people get confused and don’t know where to turn to get accurate information on stimulus grants, Obama moms back to school grants, and other things that might help them out financially.

Of the first 10 results for Obama financial aid, I found only one site that was really of any use (ED.gov) and the others where all articles or blog posts that didn’t help at all. No wonder people find it hard to get real information and end up so easily scammed when they start looking for new Obama grants and other ways to possibly profit from the new government stimulus bill.

Government programs are difficult to understand for everyone and there is always alot of wording that you have to sift through. While Obama government grants are free, the process of finding them, qualifying for them, and apply for them is a very difficult thing for a regular person to do. This leaves the door open for other companies to come in and try to get your business by offering to help. Unfortunately, sometimes some of these companies are less than honest.

If you are looking for Obama financial aid or grants of any type, it is smart to be careful what you sign up for and who you give your credit card to. Always read the fine print which includes the privacy information as well as the terms & conditions for each and every website. This is where you will find the hidden charges if there are any. If at any time you feel uncomfortable with what you are reading, you should go somewhere else and not use their services.

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The Obama Cash For Clunkers bill passed in Washington and now this will enable more people to go into debt. Just what we need! This little piece of legislation was tucked nicely into a military spending bill and it is designed to get old gas guzzling cars off the road and in their place have newer, more fuel efficient cars.

The problem with this is that if a person is driving an old beat up car, there is a reason for that and the reason is they can’t afford a newer one. So, in order for them to take advantage of the Obama cash for clunkers bill, they will have to give up their old car and go in debt to get the new one. This is another example that Obama debt relief is not anywhere on the horizon. No one seems to care about the debt problem in this country including the President. He is, after all, putting this whole country deeper in debt than ever before with the Obama stimulus bill. 

This cash for clunkers bill is designed to try to help the car manufacturers out. They are obviously in big trouble and having to be bailed out and so now the politicians are trying to come up with inventive ways to get people to buy cars. Unfortunately, this bill will only persuade the people who can’t afford new cars to get them.  

 As always with any government bill or regulation, there are a ton of stipulations and requirements to qualify for the Obama cash for clunkers program. However, the bottom line is that right now people have a problem with losing their jobs and being in debt. Do you have money to buy a new car with? Do you want to go further into debt to buy that new car? I think the answer for most people is: NO!