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#mortgage — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #mortgage, aggregated by home.social.

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  1. I was unaware of this and when asking my new bank to verify destruction of my biometrics under the APP1988, they are claiming retention under the AML for 7 years after the closure of the morgage.

    Grotesque nany state we live in. So gross. Ian Malcolm from Jurassic Park comes to mind - just because they can collect this stuff, doesn't mean they should. especially when it could or will eventually leak. I cant change my face

    2/2

  2. Fun trap for people apply/refinancing their mortgage. The NextGen biometric that banks are requesting to for verification is being claimed as an exception to the Privacy Act 1988.

    It doesn't have to be de identified or destroyed after verification for Tranche1 entities under the AntiMoney Laundering / CTF act.

    1/2

  3. My fixed rate #mortgage ends in January, so I’m starting to think now about remortgaging. I’ve just logged into my account as I couldn’t remember my interest rate, I knew it was “quite low” but couldn’t remember exactly.

    It’s 1.58%.

    I think I might go and cry in a corner for the rest of the day now. The bump will not be insignificant.

  4. Ok, this is interesting and not all that surprising - BUT - read the frickin fine print CAREFULLY!!!!!!

    Home buyers can use bitcoin holdings as collateral to cover the down payment when purchasing a home - for "eligible" Better Mortgage customers and Coinbase.

    It requires crypto collateral equivalent to at least 250% of the loan dedicated to the down payment - aka buyer who has 250,000 dollars in bitcoin can, get up to 100,000 dollars for their down payment.

    No need to sell the bitcoins. The bitcoins are transferred to a Better custody account on Coinbase Prime. They remain there until the loan is repaid or refinanced. Once the credit is repaid, the bitcoins are returned to the owner according to the contract conditions. cointribune.com/en/millions-of #Bitcoin #Blockchain #Mortgage #DownPayment #Crypto #CryptoCurrencies #BetterMortgage #Coinbase #RealEstate #HomeBuyers

  5. Another step into the capitalism matrix, just done #mortgage

  6. Here's the salary you need to afford a €1 million home across Europe.

    A third of the average gross salary is not enough to cover the monthly mortgage of almost €3 600 for a €1 million home anywhere in the EU.

    Luxembourg comes closest, although buyers still need 1.6 times the average salary.

    mediafaro.org/article/20260730

    #HousePrices #Salary #Mortgage #Europe

  7. keenlens.substack.com/p/the-ba

    'I see everyday #politicians repeat like parrots #economic propositions they don't even start to understand, defending a model that a central #bank admitted was wrong over twelve years ago. ... The #Greens propose actual structural change and get labelled "communist" by people who have never read a balance sheet or a #Lenin text. The heterodox approach #predicted #2008, predicted the #housing #crisis, and predicted the current private #debt trap. The orthodox models predicted none of it ...'

    'The orthodox model was declared wrong by the Bank of #England in 2014. Their paper “#Money Creation in the Modern Economy” stated plainly: #banks do not lend out deposited #reserves in a multiplier chain. Banks create #deposits when they make #loans ...'

    (NZ's Social Credit Party got a Court to agree five decades earlier.)

    'The consequences are not theoretical or academic. When you worship the wrong model, you can’t do anything else than design the wrong #policy. You pretend not to see the #monopoly extracting over 6 billions from a #mortgage market they control 87% of. You don’t see that raising rates shift #income from #borrowers to banks and does not touch the supply of housing stock. You end up believing the #household metaphor is literal — that the Crown pockets are empty — when #NZ’s #Crown debt is 44% of #GDP...'

    (The OECD average is about twice that.)

    '... #Galileo was almost burned at stake for simply asking the #Inquisition #judges to look in the telescope. Same old, same old.'
    '.....
    'Gentlemen, it is clear cut #class #warfare, and the #vested interests are so encrusted in #society that they are winning. Remember that their main weakness is in numbers, they are damaging and literally #robbing the majority of us, of the New Zealand society and brainwashing many trees to think that voting for the axe is the #prudent, #family sensible thing to do. The only chance you have is when numbers talk. The #election is coming...'

  8. Sales have remained sluggish as #mortgage rates have mostly trended higher in the months since the #war between the #US & #Iran started. Expectations of higher #inflation amid surging #oil prices have pushed up the long-term #BondYields that lenders use as a guide to pricing home #loans, causing mortgage rates to climb. Still, mortgage rates remain below where they were a year ago.

    #economy #affordability #recession #housing #Trumpcession #TrumpsWar #Trump

  9. #US #HomePrices hit an all-time high as sales slow & #mortgage rates rise

    Sales of previously occupied US homes slowed in June, but a key measure of #home #prices climbed to an all-time high, adding to #affordability challenges for prospective homebuyers.

    Existing home sales fell 2.4% last month from May to a seasonally adjusted annual rate of 4.09 million units, the National Association of Realtors said Thursday.

    #economy #recession #housing #Trumpcession #Trump
    apnews.com/article/interest-ra

  10. @markhburton @2legged PAY LESS THOSE YOU UPHOLD = Short #Answer

    You & others pay their expensive #rent / #mortgage to them / their #system expecting different manipulation / ending?

    NO WAY OUT BUT NOT PLAY THE CASINO / PAY LE$$.

    The #news, #satire, #mockery, #sarcasm is perhaps cathartic...

    but A LOT is a waste of time, with energy that could be invested better into ourselves #talking about #trust.

    100's here and we reply shallow, #hate, mock & don't increment / re-#create #trust much.

  11. @2legged PAY LESS THOSE YOU UPHOLD = Short #Answer

    People pay their expensive #rent / #mortgage to them / their #system expecting different manipulation.

    NO WAY OUT BUT PLAYING THAT CASINO LE$$.

    The #satire, #humour, #mockery, #sarcasm ... is perhaps cathartic...

    A Bingo card seems quite educative of their shit - but

    AT THE SAME TIME it's a waste our future #time / it could be invested in ourselves better #talking.

    100's here and we reply little, mock post and don't re-#create #trust.

  12. #mortgage : a legal agreement for a property loan

    - French: hypothèque

    - German: die Hypothek

    - Italian: ipoteca

    - Portuguese: hipoteca

    - Spanish: hipoteca

    ------------

    Thank you so much for being a member of our community!

  13. Trump said Americans’ finances don’t motivate him in Iran talks. How are people doing economically? :: WRAL.com

    President Donald Trump’s recent answer to a question about how Americans are faring economically sparked claims of callousness. …
    #NewsBeep #News #BreakingNews #breakingnews #Consumer #Debt #electricity #Gas #GasPrices #Groceries #groceryprices #Housing #Iran #Jobs #mortgage #PolitiFact #Trump #Tuition
    newsbeep.com/589331/

  14. #Mortgage rates climb to highest level in 9 months

    Turmoil in the #bond market, fueled by the #war with #Iran, is sending #US #MortgageRates higher & threatening to make buying a #home even more expensive.

    The average 30-year fixed-rate mortgage rose to 6.51% this week, reaching the highest level since August of last year, according to Freddie Mac.

    #economy #inflation #affordability #CostOfLiving #recession #trump #trumpcession
    cnn.com/2026/05/21/economy/mor

  15. Fannie and Freddie are the old Wall Street trick: socialize the risk, privatize the upside, call it reform. If housing gets less affordable, don’t act shocked. The money already wrote the script. #Housing #WallStreet #Mortgage
    deeppressanalysis.com

  16. Let's try sth new: we've seen a beautiful house to buy in our neighborhood and we're considering putting an offer next week.
    Are there any clear reasons we shouldn't do it now?
    For the context, we don't have any debts and we are in rather stable employment (although you can never know for sure). We could get a #mortgage with fixed rate for 30 years.
    #housing #Spain #finance

  17. Public Banks = #Answer to Life ?

    If you solve #Banks #exploitation / #power ( re-loaning your money all the time for their own power increase 🔼 )

    Then You Solve #Life (almost all problems get sorted better after this)

    #PublicBanks = Next Level of #Evolution / #Answer to Life

    Fuck most parts of:
    #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket #Mortgages #Marketing #Advertising #Mortgage #Loans #Finance #FudgedNumbers

    = #Cheating YOU behind YOUR back ⚠️
    = #Truth