Why is nobody talking about this new Biden Rule?

[Joe_Blacke]

Biden is changing the way you get a mortgage. In order to get more “diversity” in home ownership, he has a brilliant plan. He is going to charge people with good credit scores more. People with poor credit scores will get a reduction in fees. So if you are getting a new loan, and your credit score is above 740, you will pay more.

What’s the point in having good credit then?

https://nypost.com/2023/04/24/bidens-mortgage-equity-will-screw-up-the-homebuying-market/

https://www.newsweek.com/biden-raises-costs-homebuyers-good-credit-help-risky-borrowers-1795700

 

[Kingjoey]

Guess he figures that COVID didn't achieve the desired damage so they're gonna make another housing market crash. Can't wait for that incompetent brokedick to get out of office or take a dirt nap

 

[Doc]

Because everyone here is old and has a paid off house or a 3% rate or better.

 

[xerts1191]

Clown World

 

[vvalter_vvhite]

Just obey, it's for the common good

 

[Suck My Glock]

Best way EVER to drive down house prices,...since it will KILL the market.

 

[kenpoprofessor]

So everyone lets their credit rating go to chit and no one gets a loan.

Have a great, gun carryin', Kenpo day

Clyde

 

[Joe_Blacke]

Because everyone here is old and has a paid off house or a 3% rate or better.

So when you go to sell your house, the buyer will want you to pay this fee as part of closing (if they have good enough credit).

 

[Joe_Blacke]

Because everyone here is old and has a paid off house or a 3% rate or better.

So when you go to sell your house, the buyer will want you to pay this fee as part of closing (if they have good enough credit).

It affects everyone.

 

[Doc]

Because everyone here is old and has a paid off house or a 3% rate or better.

So when you go to sell your house, the buyer will want you to pay this fee as part of closing (if they have good enough credit).

El oh El

I live in my moms basement.