What if mortgage re-financing were simplified? What if there were not so many pages in the legal agreements? What if you did not need a paralegal to understand it all? What if you really understood all that stuff you were signing?

What if you had time to read it all before the next Federal Reserve Rate hike next quarter? What if mortgage brokers had and easier set of paperwork so they could help more people re-finance?

What if the closing costs, fees and interest rate issues were easy to calculate to compare for consumers? What if you did not need to take level II college classes to mathematically calculate these things?

What if the average citizen did not spend 40% of their income toward their house payments and could save more money for college and not have to use those credit cards so much?

What happens if they keep raising rates and too many people had variable rates because they did not understand the problems associated and actual costs when rates rise very high?

What happens when the foreclosure rates increase because too many people had variable re-finances? What happens when too many foreclosed houses are for sale and cause decreased prices in housing market?

What happens when all those people who took equity out of their homes during a recent re-finance to pay off short-term credit card debt and then find out that their houses are worth less than their loan obligation? Will this also cause a cascading effect of more walk-aways and forclosures?