CHICAGO (NewsNation) — As part of the Federal Housing Finance Agency’s push for affordable housing, homebuyers with good credit will soon have to pay higher mortgage rates and fees to subsidize people with riskier credit ratings, according to a report by The Washington Times.
A new federal rule enforced by the Biden administration will make it so that people looking to buy a home with a credit score of 680 or higher will have to pay about $40 per month more than people with worse credit when taking out a home loan of $400,000, the report said.
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Do you grasp the insanity in this, or am I
the only one out here who thinks this
is just plain fuckin' craziness...
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As long as we know the rules we can game the system. You don't want us to have good credit score? Okay, that's easy to screw up. No problem. It is amazing how completely bat shit crazy the left is.
ReplyDeleteSo take out a couple other loans, trash your credit for a few months. For $500/yr x 15 years, I'd take a brief hit, make less downpayment, etc etc. Then, once the loan was cooked, fix it. For example, if at <20% down you pay PMI, do that. For a month. THEN put the other 15% down, get rid of the PMI, enjoy the lower rate. If the bozos are going to play games, play the game.
ReplyDelete1- unconstitutional
ReplyDelete2 - BiteMe doesn't make laws.
Nogo, bozo.
These people are not crazy....they are evil. And now that they are in charge they are going to ram every single piece of socialist/commie poison they can dream up down our throats. And there is no longer any LEGAL way to stop them. TINVOWOOT
ReplyDeleteIt does not matter anymore, congress and senate will back him up. Anyway, it would be racist to not pay extra for the "unprivileged", don't cha know
ReplyDeleteFJB 🤡🤡🤡🤡🤡
Heltau
Fuck joe biden today, tomorrow, yesterday, and the day he was born....bless us all on the day he dies, which can't be soon enough,,,
ReplyDeleteYou still like him more than I do.
DeletePart of a long term goal to stamp out and/or criminalize competency and personal responsibility , and create an illiterate, incompetent and easily manipulated underclass to serve the needs od our "dear leaders" .
ReplyDeleteThey are working to destroy our country. Biden is a puppet likely of Obama and Soros who are working for the WEF.
ReplyDelete