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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