I'm about to share with you might sound backwards and confusing but rest assured this is real and if you're an investor if you're going to buy a house

if you're involved in real estate in any way shape or form you are going to want to watch this video all the way through as take a look at the headlines

coming out. Biden to hike payments for good credit homebuyers to subsidize high-risk

mortgages. You read that right. If you have good credit, you're about to pay your mortgage plus some additional fees to help pay for other people's mortgages as well.

Take a look. Biden Rule will redistribute high risk loan costs to homeowners with good credit.

Homebuyers with good credit to pay higher mortgage rates.

Housing proposal would punish those with good credit, and we're hearing this proposal. It's official and it's going to be starting May 1st

2023 now let me know your thoughts in the comments down below, but not everybody agrees with this as take a look

former Obama housing chief slams Biden unprecedented mortgage plan not the way to do it as

they're saying yes we want to help out the low income and those that can't afford to get

housing but we don't want to do it by adding fees on to people that have worked hard to get good credit and

get those payments those down payments and now we're saying we're going to penalize you for doing a good job financially and you're going to pay for somebody else's mortgage as well.

Now I'm going to dive into the details and let you know exactly what the amounts are, how much the fees are, who this is going to hit, and yes, they're saying may first expect these changes.

Also, if you're somebody that is interested in getting into real estate, despite these changes

coming from the Biden administration, stick around to the end because I've got some information

you are not going to want to miss.

So this article says that homebuyers with good credit scores will soon encounter a costly surprise. A new federal rule forcing them to pay higher mortgage rates and fees to subsidize people with riskier credit ratings

who are also in the market to buy houses.

The fee changes will go into effect May 1st

as a part of the Federal Housing Finance Agency's

push for affordable housing,

and they will affect mortgages originating at

...