Exclusive | Adam Schiff paying just 3% mortgage on homes at center of mortgage fraud probe
Sen. Adam Schiff (D-CA) is paying just 3% on both his Maryland and California homes since refinancing his mortgages in 2020, a newly released annual financial disclosure reveals – even lower …
Actually, I'm sort of surprised he didn't have zero percent.
Forgivable loans
Am I missing something here? I'm no Schiff fan but:
Bankrate reports the average 30-year fixed mortgage rate was approximately 3.38% for the year 2020.
ValuePenguin details that by December 2020, the 30-year mortgage rate had dropped to a new historical low of about 2.68%.
Freddie Mac, referenced by InveBankrate reports the average 30-year fixed mortgage rate was approximately 3.38% for the year 2020.
I remember this period of time because one of my sons was able to get a mortgage at around 3% during that 2020 time period.
So what did Schiff do wrong here?
My understanding is that he has TWO properties listed as primary residences, which is how he leveraged a ridiculously low mortgage rate for both homes. That is the fraud. And, it’s also a political scandal because Schiff was leading the charge against Trump for alleged real estate fraud in NY for supposedly undervaluing properties in order to receive more favorable loans… Democrats are such hypocrites!
Exactly, one would have to be primary residence and the other vacation/investment property thus would have a higher rate. As you stated getting 3% on both would not be possible.
And I heard they were in Maryland, and his residence/home state should actually be California, where supposedly he represents many people. But Dems/Commies think they represent everyone, everywhere.
Got it! Thanks!
During the Biden era, interest rates were much higher. Also, he committed fraud to get those rates.
Where's the lie?
That's the rate I'm paying on my house. I'm not sure what is the real issue.
Perhaps it's a claim of multiple primary homes. Not so much the rate. But a rate on his 2nd home.
Amateur. Mine is %2.25. I bought at the EXACT PERFECT TIME in Feb 2020.