re: Trump promoting a 50 year mortgage. Dave Ramsey will lose his mind. Terrible idea - imo

quote:

---

Starlight Homes: Offering a 30-year fixed FHA loan at 4.99% for year four and beyond, part of a 3-2-1 buydown program (1.99% in year 1, 2.99% in year 2, 3.99% in year 3).

Smith Douglas Homes: Advertising a 4.99% (5.477% APR) FHA 30-year fixed rate mortgage on select quick move-in homes, including $0 closing costs.

Coventry Homes: Locking in a 4.99% (5.042% APR) 30-year fixed rate on select homesites when financed through their affiliated lender, Jet HomeLoans. This offer is valid through December 31, 2025.

City Ventures: Offering 4.99% financing on new neighborhoods in premier California locations.

David Weekley Homes: Offering a 4.99% interest rate (5.063% APR) with a conventional loan in the Dallas/Ft. Worth area for qualified buyers on select quick move-in homes, with a closing deadline in December 2025.

Esperanza Homes: Providing a 4.99% 30-year fixed interest rate plus up to $10,000 in closing costs on select move-in-ready homes.

Holiday Builders: Offering 4.99% fixed rates on select homes for contracts written by early December 2025, using a builder-paid forward commitment.

Meritage Homes: Offering rates as low as 4.99% on specific homes and locations, often as part of a buydown program.

---

All rate buy downs that expire by over leveraged builders/developers that still can’t move their homes. Good lord you are fricking stupid. Those homes aren’t selling even at the temporary buy downs offered rate. This is as dumb as you trying to quote that shitty ‘truflation’ website on here that looks like it was designed by a 5th grader.

quote:

---

You have to make up excuses now

---

You are the one using temporary rate buy downs not me. Those aren’t fixed rates for life of mortgage and you know that.

quote:

---

You can get a 4.99 rate right now

---

Yes, that expire and adjust to the current rate after 24 months

Go look at the stock on the websites of those builders. The homes aren’t moving. Why not if those are such a great deal?

You are an idiot and a waste of every sane person’s time all you do on here is lie and then run away and then come back like you never posted any of this stuff in the first place.

quote:

---

My home is paid off. I don’t have a mortgage.


You dont need to lie

---

I don't have a mortgage and haven't for 7 or 8 years. Now I'm older than you guys but why do you think that is so much a "lie"?

FYI, your 4.99% borrower-paid is very optimistic right now unless you’re putting serious money down or buying discount points.

Have a fun evening

quote:

---

many people have mortgages for 50 year


I doubt the data supports this.

---

Out of context. What I thought I said that people have mortgages for 50 years. Buy their first house at 25 with a mortgage. Buy a different house at 35. New mortgage. Buy another mortgage at 50 with their last house with a 30 year mortgage. If they paid that off mortgage after 30 years, that couple would have had 50 years worth of mortgages. Capisce?

What does borrower paid mean?

Hes one of the dumbest posters ever

I have said over and over that rates can go to 20% and it wouldnt bother me

The fact the fed is playing politics with not lower the rates triggers his TDS to flare up

Are those builder-paid rate buydown rates?