Birdwatch Archive

Birdwatch Note Rating

2023-05-01 12:50:12 UTC - HELPFUL

Rated by Participant: 0D2F91E28FB7EC96DC12971E1776035DF81ACF110535B5B326F28113F5110CA8
Participant Details

Original Note:

As noted in previous community notes, these payment estimates are deceptively low. A $50k loan at 1.5% and payments of $241/month would take 20 yrs to pay. https://www.bankrate.com/loans/loan-calculator/ HELOC rates as of April '23 are 7-8%. At 7% a $50k loan with $241 payments would take longer than 50 yrs to pay. https://www.forbes.com/advisor/home-equity/best-heloc-rates/

All Note Details

Original Tweet

All Information

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  • helpfulnessLevel - HELPFUL
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