Birdwatch Archive

Birdwatch Note

2023-04-13 03:13:38 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

These payment estimates are deceptively low. A $50,000 loan at 1.5% interest and payments of $241/month would take 20 years to pay. https://www.bankrate.com/loans/loan-calculator/ Typical HELOC rates as of April 2023 are 7-8%. At 7% interest a $50k loan with $241 payments would take longer than 50 years to pay. https://www.forbes.com/advisor/home-equity/best-heloc-rates/

Written by 1E720E04C788C0F61E22D1B571C3DED9D7F6B5BACF81F42CE4527ADB843A9AC5
Participant Details

All Information

• ID - 1646350908329181188
• noteId - 1646350908329181188
• participantId -
• noteAuthorParticipantId - 1E720E04C788C0F61E22D1B571C3DED9D7F6B5BACF81F42CE4527ADB843A9AC5 Participant Details
• createdAtMillis - 1681355618924
• tweetId - 1644463382337306624
• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
• believable -
• harmful -
• validationDifficulty -
• misleadingOther - 1
• misleadingFactualError - 1
• misleadingManipulatedMedia - 0
• misleadingOutdatedInformation - 1
• misleadingMissingImportantContext - 1
• misleadingUnverifiedClaimAsFact - 1
• misleadingSatire - 0
• notMisleadingOther - 0
• notMisleadingFactuallyCorrect - 0
• notMisleadingOutdatedButNotWhenWritten - 0
• notMisleadingClearlySatire - 0
• notMisleadingPersonalOpinion - 0
• trustworthySources - 1
• summary
• These payment estimates are deceptively low. A $50,000 loan at 1.5% interest and payments of $241/month would take 20 years to pay. https://www.bankrate.com/loans/loan-calculator/ Typical HELOC rates as of April 2023 are 7-8%. At 7% interest a $50k loan with $241 payments would take longer than 50 years to pay. https://www.forbes.com/advisor/home-equity/best-heloc-rates/