Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
$42 a month for NEW loans. If you can't figure out how to adjust your budget to accept this increase then you have bigger problems than trying to buy a house. Also, don't buy so much house and look at a different price point so that the difference is accounted for. And be real, the taxes you pay on your home could go up by that much or more in the course of a year increasing the actual mortgage payment that much. Same goes for car insurance, health insurance, or any number of things you have in your life.
Nothing changed. Stop the lies. Last minute Obama giveaway was rolled back. EVERY taxpayer should be glad because we guarantee FHA loans if they go bad.
I don't own a home, but I've been able to afford one for years. $40/month is not excessive, true, but that's totally missing the point.
All these things y'all support -- higher fees on FHA loans, and higher interest rates, everyone should put down 20%+ -- you do realize they apply downward pressure to housing values, right?
Quote:
Originally Posted by EDnurse
The defender of the working class doesn't want first time homebuyers to buy a house.
what they're trying to do is get the federal government out of the housing market.
however they're too big of ... wusses ... to go after the big fish that impact older, wealthier, existing homeowners, like the mortgage interest deduction. So they just pick around the margins at some minor program that impacts younger, poorer people the most.
Even the Washington Post, which has run an anti-Trump editorial or opinion piece almost every day since last September, had as its lead editorial today supporting the recission of the rate cut. It was justified as necessary for the insurance fund to remain solvent and even advocated an increase.
President Obama increased the rate four times during his tenure and there wasn't a peep from you guys so save the outrage.
The defender of the working class doesn't want first time homebuyers to buy a house.
That is all
Exactly. Once again, Trump voters come to his defense. Sure, it's not a lot of money. But it's the first thing on his agenda when he enters the White House: not dealing with immigration, finding a replacement for Obamacare, addressing our foreign policy, or improving our education system, it's dissolving credit for lower income homebuyers. Rather hypocritical for a man who says he is the candidate for working people.
it's dissolving credit for lower income homebuyers.
it's not even low-income. I am not low-income, and this is the sort of thing that will cost me. this is just an arbitrary shot at young people.
We have mountains upon mountains of government programs and subsidies for older and wealthier people, which have eaten trillions into the budget, but evidently those aren't a priority for Senor Trump.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
