Homebuyers Beware - Tax on Good Credit Coming (What you need to know)
See how the impending changes from the Biden administration will affect your mortgage payment. The Federal Housing Finance Agency released an updated Loan-Level Price Adjustment matrix that increased the fees charged to good credit homebuyers in order to subsidize bad credit homebuyers. In this video, I go over what some of those changes could look like, and some alternative ways they could have gone about reducing the gap in low-income home ownership. If you like the video, be sure to hit the button to let me know. Subscribe if you want to see a video from me each week, and thanks for watching!
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Tags:
#credit #personalfinance #finance #investing #housingmarket #housing #government #goodcredittax #taxhike #tax #punishgoodcredit #incentivizebadcredit #mortgage #mortgagepayment #mortgagechange #homebuyers #homebuyersbeware #feeonnewmortgage
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