The new Biden fee on mortgages will create a $140k difference if your credit score is above 680 vs below on a $400k home.
Discussion
Interest rate apartheid?
For those asking, search for your preferred news source.
Basically a federal office is starting a program on May 1st that will impact home buyers with a credit score of 680+. They get 1%+ on interest rate
Buyers below 680 get a 1.75% reduction.
Completely backwards incentives.
This is some fucking bullshit. Been working my ass off for good credit. Still can’t even afford a house with these rates and then this?
Rent life is forever with middle class I guess.
Thank God for Bitcoin. I hear you, the consequence of socialism is always discouragement for those that work hard.
Yeah I’m gonna dig into this more. Been trying to buy for some time now. But one thing after another has kept me unable. Work two very decent paying jobs as well. Pretty hard to get ahead. Glad I have Bitcoin from years ago I keep adding to.
An entire generation is being taught to not accumulate anything and live off the teet of the state.
It's called communism it's gaining ground.
How progressive!
I think they passed GOA and got confused 🍄
Can one of you guys with a GPT account ask how many credit cards I need to open in order to drop my credit score from an 800 down to the qualifying amount?