Big_Lou
Well-Known Member
L-O-L!!
Ready for the beans, man? 6 hours on the lowest flame...another hour or so to go...
Trump EO's on Border/Immigration
- Thread starter ArcticGranite
- Start date
Flaming Pie
Well-Known Member
UncleBuck
Well-Known Member
literally no one believes that.
Justin-case
Well-Known Member
Flaming Pie
Well-Known Member
Flaming Pie
Well-Known Member
UncleBuck
Well-Known Member
doublejj
Well-Known Member
Justin-case
Well-Known Member
President Donald Trump blocked an Obama administration policy Friday that would have reduced the cost of mortgages for millions of home buyers.so
President Trump, flanked by Vice President Pence and chief of staff Reince Priebus, signs an ...more
Evan Vucci, AP
Here’s a look at what Trump’s first executive action means for your mortgage:
What Happened?
In the first hour of Trump's presidency, the U.S. Department of Housing and Urban Development sent a letter to lenders, real estate brokers and closing agents suspending the 0.25 percentage point premium rate cut for Federal Housing Administration-backed loans. The new rates, announced on Jan. 9, would have gone into effect on Friday.
Who Does The Cut Affect?
The action will affect millions of home buyers with an FHA-backed mortgage. FHA backs about 16% of the country's new mortgages. FHA loans offer easier credit requirements, lower down payments and smaller closing costs, according to the U.S. Department of Urban Housing and Development.
William E. Brown, the president of the National Association of Realtors, said the cut allowed more people to qualify for a mortgage because more borrowers could meet the debt-to-income ratio required to borrow money.
How Much Will It Cost Home Buyers?
That cut would have saved home buyers about $29 a month on a $200,000 mortgage. U.S. Sen. Chuck Schumer, a Democrat from New York, said the cut equaled an average of $500 per year.
Originally Published 1:25 p.m. ET Jan. 21, 2017
Updated 7:29 a.m. ET Jan. 24, 2017
doublejj
Well-Known Member
Oh.....that policy!President Donald Trump blocked an Obama administration policy Friday that would have reduced the cost of mortgages for millions of home buyers.so
President Trump, flanked by Vice President Pence and chief of staff Reince Priebus, signs an ...more
Evan Vucci, AP
Here’s a look at what Trump’s first executive action means for your mortgage:
What Happened?
In the first hour of Trump's presidency, the U.S. Department of Housing and Urban Development sent a letter to lenders, real estate brokers and closing agents suspending the 0.25 percentage point premium rate cut for Federal Housing Administration-backed loans. The new rates, announced on Jan. 9, would have gone into effect on Friday.
Who Does The Cut Affect?
The action will affect millions of home buyers with an FHA-backed mortgage. FHA backs about 16% of the country's new mortgages. FHA loans offer easier credit requirements, lower down payments and smaller closing costs, according to the U.S. Department of Urban Housing and Development.
William E. Brown, the president of the National Association of Realtors, said the cut allowed more people to qualify for a mortgage because more borrowers could meet the debt-to-income ratio required to borrow money.
How Much Will It Cost Home Buyers?
That cut would have saved home buyers about $29 a month on a $200,000 mortgage. U.S. Sen. Chuck Schumer, a Democrat from New York, said the cut equaled an average of $500 per year.
Originally Published 1:25 p.m. ET Jan. 21, 2017
Updated 7:29 a.m. ET Jan. 24, 2017
Flaming Pie
Well-Known Member
I dont pay mortgage insurance. Dropped it when I refinanced.
Otherwise i would have to read up on it. 29 dollars for a 200k home? If you can afford tha much house it is not that much of an increase. If it applies to me that i would only see less than 10 dollar change.
I hardly call that being fleeced.
Otherwise i would have to read up on it. 29 dollars for a 200k home? If you can afford tha much house it is not that much of an increase. If it applies to me that i would only see less than 10 dollar change.
I hardly call that being fleeced.
UncleBuck
Well-Known Member
glad to see you can at least admit trum is already making life more expensive for middle class folks.
can you admit that trum's inauguration was nowhere near as attended as president obama's, and that the protest march the next day was way bigger?
Justin-case
Well-Known Member
First things first, go after rate reduction on FHA loans. Maybe that's what he meant, screw over America first. Yes, your shit just went up. 250$ a year x 30 years = 7500$ yep you got shagged, honey.
Flaming Pie
Well-Known Member
I didnt even have fha backed insurance. I had pmi. Now i do not.
Again even if i did, .25% equates to 16 dollars a month.
I will survive.
BM9AGS
Well-Known Member
They offered it to me. Is was so little but I didn't get it. Won't need it.
UncleBuck
Well-Known Member
$16 a month x 12 months x 30 years = $5760
and you had to let your plants go to mold when your $100 air conditioner broke.
londonfog
Well-Known Member
What fucking math are you using with 29 dollars on a 200k home ? You fucking nitwit.
Is this some "alternative math "
The cut would have been 0.85 percent to 0.6 percent. Which on a 500k home is $1,250 annually.
Go suck some strangers cuck. Only thing you good for bucket
Flaming Pie
Well-Known Member
.25% x 79k is 16 dollars a month. IF I had FHA insurance, which i do not, that would be the increase.
No mortgage insurance hike for me because I do not have mortgage insurance. Even if I did, it would only have raised it 16 dollars a month. Wouldnt have mattered to me.
UncleBuck
Well-Known Member
really?
you had to let your plants go to mold when you couldn't afford an air conditioner, your kid is on CHIP, you are on food stamps and medicaid, and your family is on disability and medicaid.
now you are making excuses as to why trum making your life more expensive is just fine, after you spent months arguing he'd do the opposite.
Justin-case
Well-Known Member
It was a mortgage rate reduction of a quarter percent, silly. Do you realize how much money he just removed from hard working first time home buyers wallets, hmmm.