11 min listen
940 - Will Investors With High Credit Scores Pay More Now? What The New Mortgage Rules Actually Mean by Andrew Syrios
940 - Will Investors With High Credit Scores Pay More Now? What The New Mortgage Rules Actually Mean by Andrew Syrios
ratings:
Length:
9 minutes
Released:
May 12, 2023
Format:
Podcast episode
Description
There’s been a lot of alarm in the real estate investment community lately over a newly enacted Federal Housing Finance Agency rule for Fannie Mae and Freddie Mac loans regarding mortgage fees.
The gist of the complaint is that homebuyers with good credit will now have to subsidize those with bad credit. Technically, this is true. However, the way it is being framed is quite misleading. The general argument goes something like this: Those with a 620 FICO score will get a 1.75% discount, and those with a 740 FICO score will pay 1%.
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The gist of the complaint is that homebuyers with good credit will now have to subsidize those with bad credit. Technically, this is true. However, the way it is being framed is quite misleading. The general argument goes something like this: Those with a 620 FICO score will get a 1.75% discount, and those with a 740 FICO score will pay 1%.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
May 12, 2023
Format:
Podcast episode
Titles in the series (100)
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