Those with higher credit scores may pay higher mortgage fees

Started by neurosis, April 25, 2023, 02:50 AM

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

neurosis

Quote from: Del. on April 27, 2023, 05:51 AMI left the bank and refinanced with Rocket Mortgage. Very happy with them other than the constant emails and messages.

My mortgage was purchased by Rocket and my only complaint is the amount of spam email and mail I get from them.  They finally stopped after about a year. 
Like Like x 1 View List
I'll go back to being a conservative, when conservatives go back to being conservative.

gcode

I read an article this morning that said a lot of the big banks are pulling out of the auto financing business.
The reasons were that cars have become so expensive that even with 8 to 10 year loans, the payments were getting too high for the average consumer. It also said they are afraid a recession is coming and they don't want to be stuck
with a whole lot of bad loans.
The article said this is really going to hurt the auto sales business and that the smaller dealers are going to start dropping like flies.
New cars are so expensive now days, that even with a 20% down and 10 year terms the payments are unaffordable
and the loans are upside down for at least 7 years.
I have a idiot acquaintance that who just bought a fancy tricked out Dodge Fiat 4X4..  factory lift kit, 30" off road wheels, big Hemi V8, the works, $110K... 12 year loan ..  @ $1150/month.
Funny Funny x 2 Sad Sad x 2 View List

CNCAppsJames

In other news; #OrangeManBad  :rofl:

Prepare yourselves for a MASSIVE outbreak of TDS.
:coffee:

:rofl:

:coffee:

"That bill for your 80's experience...yeah, it's coming due. Soon." Author Unknown

Inventor Pro 2026 - CAD
CAMplete TruePath 2026 - CAV and Post Processing
Fusion360 and Mastercam 2026 - CAM

Tim Johnson

Quote from: gcode on April 27, 2023, 06:37 AMI read an article this morning that said a lot of the big banks are pulling out of the auto financing business.
The reasons were that cars have become so expensive that even with 8 to 10 year loans, the payments were getting too high for the average consumer. It also said they are afraid a recession is coming and they don't want to be stuck
with a whole lot of bad loans.
The article said this is really going to hurt the auto sales business and that the smaller dealers are going to start dropping like flies.
New cars are so expensive now days, that even with a 20% down and 10 year terms the payments are unaffordable
and the loans are upside down for at least 7 years.
I have a idiot acquaintance that who just bought a fancy tricked out Dodge Fiat 4X4..  factory lift kit, 30" off road wheels, big Hemi V8, the works, $110K... 12 year loan ..  @ $1150/month.

My last few car loans were 0.9% though Toyota with no down payment.
FJB

Leehound

Funny Funny x 1 View List

CNCAppsJames

Quote from: gcode on April 27, 2023, 06:37 AMI have a idiot acquaintance that who just bought a fancy tricked out Dodge Fiat 4X4..  factory lift kit, 30" off road wheels, big Hemi V8, the works, $110K... 12 year loan ..  @ $1150/month.

What's that quote about a fool and his money?

:rofl:

:coffee: 
Like Like x 2 View List
"That bill for your 80's experience...yeah, it's coming due. Soon." Author Unknown

Inventor Pro 2026 - CAD
CAMplete TruePath 2026 - CAV and Post Processing
Fusion360 and Mastercam 2026 - CAM