The Financial Samurai Podcast

Higher Mortgage Fees For Those With Higher Credit Scores And Vice Versa

May 2, 2023

21:21

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Episode notes

Introduction

3min

How to Minimize Mortgage Fees

3min

The Importance of Negotiating a No Cost Refinance

6min

The Boom in the Real Estate Market Since 2010

3min

The Cost of Renting

3min

The Cost of College

3min

How to Earn More to Increase Your Credit Score to Pay Down More Debt and Take Care of Your Family

2min

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Episode Synopsis

Do you have a high credit score? Congrats! You now have to pay higher mortgage fees or a higher mortgage rate starting May 1, 2023. Conversely, if you have a low credit score, you now get to pay lower mortgage fees or a lower mortgage rate. Let's explore why this is and how the new rule could be a net positive for society. Because the initial knee-jerk reaction is negative. Posts mentioned: Higher Credit Scores Now Mean Higher Mortgage Fees Or Rates No Such Thing As A No-Cost Mortgage The 30/30/3 Homebuying Rule To Follow