Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.
So much for being responsible, honest, hard working and living below your means.
The rats are now going to make everyone who has made good decisions in their lives pay for those that haven't.
Biden needs to just die and go away. He is hurting and killing so many people with his policies that to save the country from further ruin he just needs to not be here. The worst president and administration ever.
https://www.foxnews.com/us/biden-rule-redistribute-high-risk-loan-costs-homeowners-good-creditA Biden administration rule is set to take effect that will force good-credit home buyers to pay more for their mortgages to subsidize loans to higher-risk borrowers.
Experts believe that borrowers with a credit score of about 680 would pay around $40 more per month on a $400,000 mortgage under rules from the Federal Housing Finance Agency that go into effect May 1, costs that will help subsidize people with lower credit ratings also looking for a mortgage, according to a Washington Times report Tuesday.. We have the devil in charge.
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The Kenyan behind the curtain is pulling the strings.
Take
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That is fucking robbery.
But he’s not a socialist, guys….
https://www.washingtontimes.com/news/2023/apr/18/joe-biden-hike-payments-good-credit-homebuyers-sub
Unless you're white or without a rap sheet.
Notice there's no relief here. The bankers all get paid, handsomely, without losing a dime. In fact, they'll make out even better.
How do the Libtards we know swallow this shit over and over and over again?
OK, so that's the backdrop.
Find a good mortgage broker down there...have some discussions about what we're trying to do. He explains in great detail what was coming and - pretty much what is described in the article. So get this...banks were already pricing this shit in. I got a lower rate, at a low cost, by putting LESS down due to the Fannie Mae/Freddie Mac Policies. He lamented it would be even lower if I had 100 points less on my credit score.
The banks petitioned for these rate sheet changes to not occur because it drives them to be required to take on significant risks - and the only way to counter that risk is to charge hard working, successful folks like the Doogersons.
This is such fucking bullshit...
The result of these policies are easy to predict - just give it a few years.