If Americans have good Credit, Biden wants your home-loan to cost you more! That’ll Awaken More Damit!
🧠 These people are stupid!
Yep, the Biden Admin and Democrats are about to decapitate themselves from ever winning outside NYC NY., and SF and LA Cali!
https://www.foxnews.com/us/biden-rule-redistribute-high-risk-loan-costs-homeowners-good-credit
As a first time home buyer, I got a mortgage quote and my jaw dropped. The property is in need of rehab and is all I can afford but I can do the work. Sorry a contractor has to be qualified under a FHA HUD program and there are no contractors in my area that qualify. So with stellar credit and 60% down the mortgage company wants 12% and 4 points. I've struggled and saved for years to save enough and my dreams of home ownership are crushed.
I was in the mortgage business for 10 years. I owned my own mortgage company up until 2008 when everything melted down and I lost everything. I bought a house 4 years ago through a program that was referred to me by a co-worker. Check out www.naca.com. They are a program that often works with blacks and other minorities, but they will work with anyone. They are a little extra work, but they require very little down and have very aggressive rate buy downs that can get you a very competitive rate with no PMI. Sorry if I sound like a salesman. I'm not. I just got a good deal with them and wanted to pass on the information. Best of luck!
Thanks for the info, but their homepage almost made me want to throw up.
I felt the same way, but I just played the game. Now I have a house with a 30 year fixed rate at 2.125% with no PMI and I only put about $2,000 down on a $260,000 house. Even when I owned my own mortgage company, I wouldn't have been able to get a deal like that. For that, I'll play their stupid "equity" games. Why should deals like that only be available to groups of people that the Democrats choose? Either way, it's not a problem. Like I said, I'm not a salesman for them. I was just trying to pass on what turned out to be a very good deal for me. Best of luck.
They want to give loans to people who will default so they can get the real estate for pennies on the dollar???
Sounds very Blackrock-ish, doesn't it?
Absolutely.
Correct. It's part of the Great Reset agenda to steal all of the land from individuals and force all the people into SMART 15-minute cities. People defaulting on loans is a super easy way for them to scoop up properties; much easier than trying to change local laws to justify confiscating properties.
I guess it’s time I feel comfortable tanking my credit score 😂😂
Hahahaha! Yes!
I hope the ppl down the block from me with a "B H 2020" yard sign pay more. I really want them to feel it. I cringe every time i drive by their house.
One of the most important pieces of The Great Reset is to steal everyone's property and force them into SMART 15-minute cities. If the bank gives a loan to someone they know will default, the bank gets to own that property sooner or later. The Biden administration is trying to ensure that banks can scoop up more land from the regular people by encouraging high risk borrowers to buy and discouraging low risk borrowers to buy.
I'm wondering if this only affects new mortgages or can they tap into existing mortgages ?
I think he is attempting all. “You’ll own nothing and be happy”, is one of the WEF’s sayings