Good Credit = Higher Cost Loans??? New Policy Explained - What You Need To Know.
There's a new new rule that people with good credit scores will be charged higher fees to help subsidize people with bad credit scores, in order to make buying a home affordable to more people. Like most things, this isn't 100% black and white and I had the chance to interview George Adams with First National Bank to get his take and guidance on the new changes. If you're thinking of buying a home or refinancing, this interview will answer a lot of questions and give guidance regarding what's going on and how to navigate the interest rate environment. Any questions you have or things that I missed, let me know in the comments!' ============ 🤔Thinking of moving to Cleveland, Ohio? Let us help! 📱 Call or Text: 216-232-5248 📨 Email: [email protected] 📅 Zoom: https://hi.switchy.io/LivingInNorthea... Subscribe 👉👉👉 https://hi.switchy.io/SubscribeTo ============ George Adams Contact info: George O. Adams III Mortgage Banking Consultant NMLS ID: 50806 Mobile 937.307.2219 [email protected] ============ Whether you live in Cleveland, Ohio already and are thinking of upsizing or downsizing, or you're considering moving here, I know what you're going through. After my MBA, I moved to Chicago for 7-years and then San Francisco where I worked in commercial banking. I then moved back to Cleveland and fell into real estate. Fast forward 7-years and 3-kids, my goal is to help you avoid mistakes a lot of people make when moving (I made a few too!) and let people know how awesome Cleveland is. I was away from Cleveland for 10-years and a lot had changed! Of course, if you have any questions about moving, buying or selling in Cleveland, we are here to make your move to Northeast Ohio as smooth and simple as possible, and we can help answer any questions you have. Just use the info in the description below to get in touch with me! ====== If this is your first time to this channel, and you want to know everything about eating, family life, working, playing, the good, and the bad of living in Cleveland, Ohio, then subscribe▶ https://hi.switchy.io/SubscribeTo and tap the bell🛎 for notifications so you can be the first to know about the current market in Cleveland, Ohio. We get calls and emails everyday from people just like you, looking for help on making their move to Northeast, Ohio and we absolutely love it.😍 Whether you are moving in a week, a month or a year, give us a call☎, shoot us a text📝, or send us an email📨 so we can help you make a smooth move to Cleveland, Ohio! ====== Reference Links: https://www.washingtontimes.com/news/2023/apr/18/joe-biden-hike-payments-good-credit-homebuyers-sub/ https://www.snopes.com/news/2023/04/28/biden-mortgage-fees/ https://www.usatoday.com/story/opinion/columnist/2023/05/04/biden-mortgage-rule-credit-score-cost-homebuyers-more/70179031007/ https://www.forbes.com/sites/dereksaul/2023/05/02/bidens-mortgage-socialism-right-claims-new-policy-pushes-higher-fees-to-americans-with-better-credit-but-thats-not-really-true/?sh=73905dcd5077 ======= *All stats, data, house pricing, and anything else mentioned is always subject to change and is provided merely as an example at the time of this recording. ====== Joel Gabelman Real Estate Agent | Ohio Real Estate License: 2016001716 Brokered by Real Brokerage
There's a new new rule that people with good credit scores will be charged higher fees to help subsidize people with bad credit scores, in order to make buying a home affordable to more people. Like most things, this isn't 100% black and white and I had the chance to interview George Adams with First National Bank to get his take and guidance on the new changes. If you're thinking of buying a home or refinancing, this interview will answer a lot of questions and give guidance regarding what's going on and how to navigate the interest rate environment. Any questions you have or things that I missed, let me know in the comments!' ============ 🤔Thinking of moving to Cleveland, Ohio? Let us help! 📱 Call or Text: 216-232-5248 📨 Email: [email protected] 📅 Zoom: https://hi.switchy.io/LivingInNorthea... Subscribe 👉👉👉 https://hi.switchy.io/SubscribeTo ============ George Adams Contact info: George O. Adams III Mortgage Banking Consultant NMLS ID: 50806 Mobile 937.307.2219 [email protected] ============ Whether you live in Cleveland, Ohio already and are thinking of upsizing or downsizing, or you're considering moving here, I know what you're going through. After my MBA, I moved to Chicago for 7-years and then San Francisco where I worked in commercial banking. I then moved back to Cleveland and fell into real estate. Fast forward 7-years and 3-kids, my goal is to help you avoid mistakes a lot of people make when moving (I made a few too!) and let people know how awesome Cleveland is. I was away from Cleveland for 10-years and a lot had changed! Of course, if you have any questions about moving, buying or selling in Cleveland, we are here to make your move to Northeast Ohio as smooth and simple as possible, and we can help answer any questions you have. Just use the info in the description below to get in touch with me! ====== If this is your first time to this channel, and you want to know everything about eating, family life, working, playing, the good, and the bad of living in Cleveland, Ohio, then subscribe▶ https://hi.switchy.io/SubscribeTo and tap the bell🛎 for notifications so you can be the first to know about the current market in Cleveland, Ohio. We get calls and emails everyday from people just like you, looking for help on making their move to Northeast, Ohio and we absolutely love it.😍 Whether you are moving in a week, a month or a year, give us a call☎, shoot us a text📝, or send us an email📨 so we can help you make a smooth move to Cleveland, Ohio! ====== Reference Links: https://www.washingtontimes.com/news/2023/apr/18/joe-biden-hike-payments-good-credit-homebuyers-sub/ https://www.snopes.com/news/2023/04/28/biden-mortgage-fees/ https://www.usatoday.com/story/opinion/columnist/2023/05/04/biden-mortgage-rule-credit-score-cost-homebuyers-more/70179031007/ https://www.forbes.com/sites/dereksaul/2023/05/02/bidens-mortgage-socialism-right-claims-new-policy-pushes-higher-fees-to-americans-with-better-credit-but-thats-not-really-true/?sh=73905dcd5077 ======= *All stats, data, house pricing, and anything else mentioned is always subject to change and is provided merely as an example at the time of this recording. ====== Joel Gabelman Real Estate Agent | Ohio Real Estate License: 2016001716 Brokered by Real Brokerage