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Posted: 10.26.2015

Congress is considering a proposal that would create a tax on all potential homeowners and consumers looking to purchase or refinance a mortgage.

By increasing Fannie Mae and Freddie Mac's credit risk guarantee fees (g-fees) to fund transportation programs, Congress would disturb the housing recovery.  Now is not the time to raise the cost to purchase or refinance a home. 

The National Association of REALTORS (NAR) strongly believes that taxing homeowners to pay for transportation programs places an unnecessary long-term burden on consumers; and this action will disproportionately impact low and moderate income borrowers, as well as first-time homebuyers.

Tell Congress to stop taxing homeowners to fund transportation projects.

Contact Swanson Realty Today: 910-454-4450 | 4701-2 Southport-Supply Road, Southport, NC 28461