About this episode
Join Ken and Danille as they discuss the new loan fees that will be imposed on mortgages. Starting May 1, 2023, homebuyers with a credit score of 680 or higher will have to pay about $40 per month more than those with worse credit when taking out a $400,000 home loan. The rule will impact mortgages from private banks across the U.S. based on loan-level price adjustments established by Fannie Mae and Freddie Mac. High-credit consumers with scores ranging from 680 to above 780 will see a spike in mortgage costs, with the biggest increases being felt by those who put 15% to 20% down on a home. The rule goes into effect just ahead of the peak spring buying season. Don't miss the chance to hear from Ken and Danille regarding this new situation. Ken will be hosting a happy hour virtual discussion tonight, April 24th, must be an Inner Circle member to participate. Join Ken's Inner Circle: https://www.kensinnercircle.com Join Ken on a live webinar this Thursday, April 27th, at 3pm PST with Robert Kiyosaki, George Gammon, and Tarl Yarber. They will be talking about the dollar losing its status and what it will mean to you! Use this link to join: https://go.limitlessexpo.com/emergency-call?el=w-ken ••• Visit Ken's Bookstore: https://kenmcelroy.com/books • ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This channel is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive. Ken's company: https://mccompanies.com • DISCLAIMERS: Any information or advice available on this podcast is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this podcast. Consult a financial advisor or other wealth management professional before you make investments of any kind. Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this podcast are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this podcast. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate. Comments which are off-topic, offensive or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates. © 2023 KenMcElroy.com, LLC. All Rights Reserved.