July 22, 2024

Biden is changing the home buying landscape!!! #credit #loan #mortgage #money #finance



Published May 28, 2023, 9:20 p.m. by Arrik Motley


When it comes to finance, Biden is changing the landscape. For home buyers, this means new opportunities for credit, loans, and mortgages. Money is always a factor in any decision, but with Biden in office, it seems that more people are feeling confident about their finances.

The economy is ever-changing, but under Biden's leadership, the future looks bright. For those in the market for a new home, now is a great time to start considering your options. With interest rates low and credit readily available, there has never been a better time to buy.

If you're not sure where to start, consider talking to a financial advisor. They can help you understand the current market and find the best mortgage option for you. With so many options out there, it's important to have someone on your side who can help you navigate the process.

Biden has only been in office for a short time, but he's already making a big impact on the world of finance. For home buyers, this is good news. With new opportunities available, now is the time to start exploring your options.

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the bite Administration just announced

some changes to the home loan industry

and people are big mad I'm Vivian you're

rich BFF and your favorite Wall Street

girly who's gonna explain this headline

and what's actually going on what's

actually changing are the loan level

price adjustments which are fees that

simply put are added onto your base rate

to determine your final mortgage rate

think about it like an Uber ride the

majority of the cost is base fare but

then you got some fees but here's why

people are freaking these changes will

relatively benefit lower credit

borrowers imagine three star Uber people

suddenly getting to pay slightly less in

Uber fees and five-star folks paying

slightly more I get the outrage

effectively the penalty for having a

credit score under 680 is now smaller

than before and to balance that out

folks with higher credit scores will

generally be paying a bit more in fees

overall though higher credit borrowers

will still get better rates and pay less

because higher credit borrowers will

naturally get better rates on homes from

the jump so if you have a lower score

even though you might now be paying

slightly fewer fees the base rate of

your mortgage is still going to be a lot

higher than that of someone with a

strong credit score

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