link: http://money.cnn.com/2009/03/04/news/economy/guidelines/index.htm?postversion=2009030409 so basically if i am a janitor and: 1) bought a 700k house on some crap interest only adjustable mortgage 2) document my income to be $2000 a month 3) my mortgage payment can be no more than (2000*0.3=)$600 a month is this correct? not looking for any bullshit debate/obama bashing. Just want to discuss the facts of this bailout please. So in the end, I, the janitor get to live in a 700k house and basically pay a "rent" of $600 (plus property tax etc..). correct?