Posted on 04/21/2023 2:38:38 PM PDT by nickcarraway
Will this ONLY apply to new loans-—or are they adjusting EXISTING loans????
I would think that IF I have a FIXED loan rate-—it must sty FIXED.
HOW ABOUT A FEW MONTHS??????
ANOTHER LEGACY OF THE PARTICIPATION TROPHIES-———
Do nothing—
NO EFFORT-—
Get trophy !!!!!
Well, this is ironic...
I had no credit score. So, I put money down on a secured card and built up to 740. Now, I'll have to pay a surcharge for having a higher score.
I'm living on my boat.
This is how things work in Biden’s America, that’s for sure.
Your post makes me even more concerned for my kids.
“who else has decided to put off buying a home until this insanity passes?”
And there probably are some people who have mortgages, financially are able to pay them off, and will do exactly that.
This is another example of weaponized government. You won’t find anything in the constitution that gives any branch any power related to mortgages or housing. Let’s get back to some financial sanity and shutter and defund every part of the federal that has been weaponized against citizens.
I opted out of the consumer debt racket a few years ago. When I last checked, my credit score was under 100. Guess I’m going to get me some subsidies to buy my next $500K house. . .
So I asked my daughter what this mortgage thing reminded her of.
Without skipping a beat she said “that penny game”.
No surprise!
What about people who have no credit score at all? I’m talking about people who don’t take out loans or use credit cards. Are they affected by this policy?
The government shall decide how much retirement savings you are allowed to have when you retire. For example, if you saved $1.2 million, you may have $800K taken from your account and put into a pool for others "less fortunate" to share. You will be told that $400K is all you need, thank you very much.
I used to think the above scenario would never happen in America, but here we are.
you can rest assured that it will creep to existing mortgages and the loan threshold will go much, much lower.
yep pay it off now before they apply this retroactively to existing mortgages.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.