Madison Ventures+ managing director Mitch Roschelle unpacks the economic impact of a Biden administration plan to subsidize mortgage rates through good-credit buyers.
www.foxbusiness.com
“A new rule from the Biden administration will have good-credit home buyers paying more monthly to subsidize costs for high-risk buyers.
Democrats are communists, plain and simple. Change my mind.
Experts believe that borrowers with a credit score of about 680 would pay around $40 more per month on a $400,000 mortgage under rules from the Federal Housing Finance Agency that go into effect May 1 — costs that will help subsidize people with lower credit ratings also looking for a mortgage, according to a Washington Times report Tuesday.”
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"we're talking about real money. This could be $100 a month more, depending on the size of your loan.”