Biden Administration giving BAD MORTGAGES to Low Credit Buyers

Biden Administration giving BAD MORTGAGES to Low Credit Buyers

46,886 View

Publish Date:
23 April, 2023
Category:
Mortgages
Video License
Standard License
Imported From:
Youtube

Good credit, bad deal?

The Biden administration's move to offer discounted mortgage rates to low-credit buyers seems like a noble gesture to expand housing access, but it comes at a cost.

High credit buyers with a substantial down payment are now charged more for their mortgage, essentially penalizing responsible financial behavior in America.

As the American housing market becomes flooded with risky borrowers, a repeat of the foreclosures in the early 2000s should come to mind for the Biden administration...

---
REVENTURE APP: https://www.beta.reventure.app/dashboard

#realestateinvesting #realestateinvestor #reventureconsulting #homebuyers #realestateinvesting101 #realestateinvestments