Thie market is in no way similar to 2008. Since the housing crisis. Mortgage lenders, brokers and underwriters have strict standards. What we saw was lots of people that had wealth created from a booming economy prior to covid, and they bought into housing to move away from cities. Because they can work from home. Also, another factor to housing shortage, we slowed the building process and so now we are playing catch up to get home inventory back up
@@NerdyShawnpay attention to all the foreign payouts they are finding went to the Biden family. It’s only a matter of time, then people that told you all are going to run your face in it for the rest of your life.
@@D1008WLOL, trump had zilch to do with low interest rates. The FED dictates that. Try harder to get something bad about trump correct. If you do some real research, it’s going to be next to impossible.
@@Jeffrey-s6g Still this is stupid as people who purchase homes with bad credit will eventually have to pay for these homes and their credit score will go up along with the rates. This doesnt work out for anyone especially the people with bad credit. Not only that, but the banks will be taking risks with people with bad credit as they have bad credit for a reason and are unlikely to pay on time. This can lead to another 2008 housing crisis as people will be foreclosing because they cant afford their house as their rates increase with their credit score.
@@Jeffrey-s6g Also this... you might want to look up PMI. What does the PMI stand for? Private mortgage insurance, also called PMI, is a type of mortgage insurance you might be required to pay for if you have a conventional loan. Like other kinds of mortgage insurance, PMI protects the lender-not you-if you stop making payments on your loan. That was straight from Google. They're in it for money, you think they're gonna cover someone with bad credit? Stupid....
Letting people with poor credit scores buy homes. Haven't we played this game already?
It wasn't even the poor credit. It was giving people loans without looking at their income that was worse. And the predatory adjustable loans.
Thie market is in no way similar to 2008. Since the housing crisis. Mortgage lenders, brokers and underwriters have strict standards. What we saw was lots of people that had wealth created from a booming economy prior to covid, and they bought into housing to move away from cities. Because they can work from home. Also, another factor to housing shortage, we slowed the building process and so now we are playing catch up to get home inventory back up
Yea but with brash Obama he didn’t subsidize the dead beats last time .just hand it straight out .
You’re forgetting that people with good credit will have to pay more to subsidize it. Cbs won’t cover that
Biden’s America
But Hunter's laptop... 😂
Trump's aftermath
Those are bad advice. You need to lower your credit score and lower your down payment to get the best rates starting May 1.
@@NerdyShawnpay attention to all the foreign payouts they are finding went to the Biden family. It’s only a matter of time, then people that told you all are going to run your face in it for the rest of your life.
@@D1008WLOL, trump had zilch to do with low interest rates. The FED dictates that. Try harder to get something bad about trump correct. If you do some real research, it’s going to be next to impossible.
Those with good credit scores will pay higher mortgages so those with a low credit score can buy homes.
That's false. Rates are up for all
@@Jeffrey-s6g Still this is stupid as people who purchase homes with bad credit will eventually have to pay for these homes and their credit score will go up along with the rates. This doesnt work out for anyone especially the people with bad credit. Not only that, but the banks will be taking risks with people with bad credit as they have bad credit for a reason and are unlikely to pay on time. This can lead to another 2008 housing crisis as people will be foreclosing because they cant afford their house as their rates increase with their credit score.
@@brad4058 no it won't
@@brad4058 you lack credibility and knowledge. Pmi covers the losses. Not the banks nor taxpayers
@@Jeffrey-s6g Also this... you might want to look up PMI.
What does the PMI stand for?
Private mortgage insurance, also called PMI, is a type of mortgage insurance you might be required to pay for if you have a conventional loan. Like other kinds of mortgage insurance, PMI protects the lender-not you-if you stop making payments on your loan.
That was straight from Google. They're in it for money, you think they're gonna cover someone with bad credit? Stupid....