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Started By
Message
re: Biden Raises Costs for Homebuyers With Good Credit to Help Risky Borrowers
Posted on 4/23/23 at 9:00 am to Twenty 49
Posted on 4/23/23 at 9:00 am to Twenty 49
quote:nothing to say about this shite policy, just “trump hurrrrr”
Ya boy signed 220 executive orders. Like a tyrant.
which trump hurrrrr EO stole money from me and gave it to someone else?
1
Posted on 4/23/23 at 9:06 am to RogerTheShrubber
quote:
If white progressives actually believed the shite they spew, they would have already made sacrificed and solved the problem.
White progressives don't spend their money. They spend yours.
Posted on 4/23/23 at 9:13 am to greenbean
I guess EBT, Medicaid and free cell phones and Amazon prime aren’t enough.
Posted on 4/23/23 at 9:13 am to Logician
quote:
which trump hurrrrr EO stole money from me and gave it to someone else?
On the day he became president Trump increased my expected mortgage costs. I was closing on my first home that week and he raised my mortgage by about $60 a month by eliminating a planned decrease in mortgage insurance costs.
ON HIS FIRST DAY IN OFFICE, TRUMP RAISES TAXES ON MIDDLE-CLASS HOMEBUYERS The Department of Housing and Urban Development reversed a scheduled 0.25 percent cut in mortgage insurance premiums issued by the Federal Housing Administration.
Posted on 4/23/23 at 9:28 am to greenbean
that is pretty irresponsible of him.
Posted on 4/23/23 at 9:36 am to VOLhalla
And which deadbeat group of buyers did be announce that your $60 was going to directly subsidize?
0.25% sounds pretty good compared to the arse raping responsible buyers are about to get.
0.25% sounds pretty good compared to the arse raping responsible buyers are about to get.
Posted on 4/23/23 at 9:48 am to Sidicous
It’s conventional loans only
Posted on 4/23/23 at 9:50 am to VOLhalla
quote:
On the day he became president Trump increased my expected mortgage costs. I was closing on my first home that week and he raised my mortgage by about $60 a month by eliminating a planned decrease in mortgage insurance costs.
If your down payment was strong, you did not have to carry mortgage insurance. You having some skin in the game assures them that you intend to pay.
Your miniscule foreskin was not enough, apparently. It is not Trump's fault you were unprepared to have a mortgage of the size you chose.
Sorry aboot your saving and spending habits.
This post was edited on 4/23/23 at 9:52 am
Posted on 4/23/23 at 9:59 am to Logician
quote:
And which deadbeat group of buyers did be announce that your $60 was going to directly subsidize?
The federal government. Specifically the mortgage insurance program that was carrying a large surplus at the time. Hence the scheduled reduction in interest rates.
Posted on 4/23/23 at 10:04 am to Hangit
quote:
If your down payment was strong, you did not have to carry mortgage insurance. You having some skin in the game assures them that you intend to pay. Your miniscule foreskin was not enough, apparently. It is not Trump's fault you were unprepared to have a mortgage of the size you chose. Sorry aboot your saving and spending habits.
I guess both the Trump Administration AND Trump supporters agree that we should shite on people that don’t have 20% to put down on their first home. People should just have more money, right?
Posted on 4/23/23 at 10:05 am to VOLhalla
quote:
On the day he became president Trump increased my expected mortgage costs
Sounds like it was scheduled and he denied it. So it was never in effect so really how did he take away money if it never existed in the first place? Complete bs.
This is directly costing people money that handled life responsibly to give to people that have not.
This post was edited on 4/23/23 at 10:08 am
Posted on 4/23/23 at 10:18 am to VOLhalla
Your woke President is fine taking money out of my paycheck just because I take my finances seriously, so that the blue haired weirdos can afford their shacks.
Stay out of my fricking pocket. I don’t give a flying frick about your shite mortgage
Stay out of my fricking pocket. I don’t give a flying frick about your shite mortgage
Posted on 4/23/23 at 10:19 am to VOLhalla
quote:
I guess both the Trump Administration AND Trump supporters agree that we should shite on people that don’t have 20% to put down on their first home. People should just have more money, right?
First, you have to understand that your ignorant guess is not a fact. There is no reason to shite on them. They should be encouraged to do what many people have done. Work your regular job and side jobs to get yourself to where you want to be.
I worked many days, nights and weekends to get myself in a financial situation I am comfortable with. Those who chose not to have also chosen the rest of their path. Spending your down payment on weed, booze, and rims elicits little sympathy from the calloused hands crowd.
Posted on 4/23/23 at 11:22 am to VOLhalla
quote:check out how much sympathy I have for that:
I guess both the Trump Administration AND Trump supporters agree that we should shite on people that don’t have 20% to put down on their first home. People should just have more money, right?
When I bought my first place after college, it was a shitty little townhouse for about $100k. My credit score was 0. I had never borrowed money before or had a credit card. I had to provide copies of my phone and utility bills to prove I could pay things on time. Had nowhere near 20% down. As such, I was punished severely for being a risky buyer, and my interest rate was 13%. For the next year, I opened a credit card account and paid it every month, paid my insanely high mortgage, and “did everything right” to get a credit score established. I refinanced down to 6% (which was still high for the time) after overpaying about $600/month for a year and half. That’s a lot when you’re entry level and making $40k/year.
All I’ve done since is continue to “do the right thing”, pay my debts timely, stay out of trouble, and now my score sits around 800.
Save us the “I guess Trump voters hurrrr don’t care about poor people” bullshite. I was the poor people, and you can absolutely better your score and rate without robbing from others.
This post was edited on 4/23/23 at 11:30 am
Posted on 4/23/23 at 11:26 am to A Menace to Sobriety
I laugh at all of you who think Biden knows what he is doing. The man doesn’t know where he is half the time; he’s a sock puppet. They just tell him where to sign because the law requires him to be the one to sign.
This post was edited on 4/23/23 at 11:28 am
Posted on 4/23/23 at 11:29 am to greenbean
Executive order circumventing the legislative process like a dictator?
Posted on 4/23/23 at 11:37 am to Logician
Calm down, I was responding to a poster that insinuated that I can’t complain about about the cost of PMI because people should just not use PMI. That’s simply not an option for a lot of people, even people who do the right and have great credit. Housing costs are sky high and expecting most people to have 20% for their first home isn’t realistic in most situations. So when the Trump administration takes actions that affected the PMI interest rate that affects a lot of people
Posted on 4/23/23 at 11:47 am to Townedrunkard
quote:
Sounds like it was scheduled and he denied it. So it was never in effect so really how did he take away money if it never existed in the first place? Complete bs. This is directly costing people money that handled life responsibly to give to people that have not.
BS? When my lender told me my monthly mortgage costs, it was X. When I budgeted to see if I could afford my first house, the monthly cost was X. If the Trump administration had done nothing at all, my monthly cost would have been X. But because of the actions of the Trump administration my monthly payment was X + $60. You can be as obtuse as you’d like, but the Trump administration chose to screw over bowers who used PMI. That’s a fact.
Sounds like the Biden administration is screwing over those with good credit to help those with poor credit and the Trump administration screwed over PMI bowers to help the federal government have more money. Pick your poison.
Posted on 4/23/23 at 12:55 pm to VOLhalla
quote:trump hurrrrr isn’t the president anymore. His 0.25% hike 6 years ago, while shitty, is a blip compared to the Fed increases since then and this artificial increase happening in May. The topic at hand is the Biden increase of much more than 0.25% that “affects a lot of people”, and how it’s specifically to punish responsibleness.
So when the Trump administration takes actions that affected the PMI interest rate that affects a lot of people
Posted on 4/23/23 at 1:49 pm to Paul Allen
quote:
Ok, so all the people that have improved their mental health and emotional well being drastically by cutting out news and politics and you say this is what they deserve?
What type of "man" gets emotional by being informed about his surroundings.
I can understand if things were relatively ok and things could just be ignored. I think people vastly underestimate the situation we are in and you just can't skate by anymore.
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