Our dreadful predictions about #DonaldTrump are already beginning to come to fruition and it hasn’t even been 24 hours!
According to Time, Trump signed an executive order which would reverse a policy made during Obama’s terms–one that is very likely to make it even harder for first-time homeowners to reasonably afford their mortgage bills.
The policy kickstarts January 27th which means in just a week a great number of borrowers will be required to pay six-tenths of a percent more each moths. For some households, that’s $500 more a year!
I know you’re thinking, “six-tenths of percent is nothing!” But for some, that’s just not in their budget. Some Housing industry groups agree and argue that having middle- and low-incomes borrowers experience a price increase is far from the “populist revolution” Donald spoke so highly about.
TSR STAFF: Chantel P.! @_popchanny on IG!
Source: Time, https://www.google.com/amp/amp.timeinc.net/time/4641511/trump-inauguration-mortgage-payments/%3Fsource%3Ddam?client=safari
