The truth about the recent alarming news about the new mortgage rules.
Recently, an online news source released an article talking about how the new mortgage rules are punishing borrowers with good credit while rewarding those with bad credit. Many of my clients are panicking about this and want to know the truth. Today, I’m sharing an interview with Jeff Dragovic from Fairway Independent Mortgage to talk about what is true.
Feel free to watch the full interview or use these timestamps to browse specific topics at your leisure:
0:00 — Introduction
0:56 — An alarming news article about mortgages
1:29 — Sharing the truth
3:16 — The ones with lower credit are still paying more than the ones with better credit
3:38 — The headlines were meant to be click-bait
6:06 — It’s not Robin Hood robbing the rich to give to the poor
7:55 — People who qualify for a home will buy despite changing rates
8:12 — It’s important to talk to professionals to get the right information
8:36 — How to contact Jeff
If you need more clarification about this alarming news or have any questions about your real estate goals, don’t hesitate to call or email me. I’m always happy to help.