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philip964 wrote: Sun Apr 23, 2023 3:40 pm So this is real?

How quickly the world I grew up in and remember has so quickly changed.

Up is down, down is up. Right is punished, wrong is rewarded.

yup crazy as you know what

i did some math on the 300k home if you have good credit the 40 extra a month over 20 year mortgage is just under 10k added fees
crazy crazy
more money down also nets you a fee for having to much money
and i bet home Byers paying cash, are about to get hit with a 3% fee just watch on top of everything else

seems washington forgot 2008 house collapse..it hit us hard out here in lake fork area
we had people no way qualified financially or JOBS wise that could afford houses or taxes..
we had over 30 homes sitting for years ..empty and not taken care of
then covid and these homes sold for 3x what they were worth and BOOM guess what ?? banks holding note made tons of money.
same thing is happening again. now these over priced homes and not low interest rates and TAXES are causing a record number of realtor signs

then i saw the news this morning...omg then the bit about if you credit is low...you get lower interest rates and those with great credit get higher rates??? HOW can that even be legal? isnt that discrimination ?

https://nypost.com/2023/04/16/how-the-u ... od-credit/
Talk about instant blood boil
so now people with GOOD and great credit get skewered to help pay for those persons with bad credit
OMG what is wrong with our country?

loan level price adjustments. if you have credit score above 680 to 7800 get a spike in costs and if you put money down 15% or more you get another fee
but if your credit is bad you get a discount rate on mortgage rates???????????


and people wonder why we the people are fed up with out of control government