MLO | Mortgage & Real Estate Guide

Refinancing just became more Expensive... Starting Today!

August 14, 2020 Addy Nett Season 1 Episode 30
MLO | Mortgage & Real Estate Guide
Refinancing just became more Expensive... Starting Today!
Chapters
MLO | Mortgage & Real Estate Guide
Refinancing just became more Expensive... Starting Today!
Aug 14, 2020 Season 1 Episode 30
Addy Nett

Refinancing just became more Expensive! Fannie & Freddie announced a 0.5% fee to all refinances. This roughly translates into an average $1,400 added onto the cost of a refinance, but can be higher or lower, depending on the size of the loan. The new charge is likely to go into effect on Sept. 1.

The change is being made by the Federal Housing Finance Agency, which oversees Fannie and Freddie, as a way to ward off potential losses as a result of the pandemic-induced recession.

Take Advantage of our No Obligation Strategy Sessions:

If you are considering to buy, sell, or refinance do not hesitate to call text or DM: 503.847.9038 

info@modernloanofficers.com

503.VIP.9038

Additional Notes:

All 3 guests are NMLS Licensed Mortgage Advisors:

Christian Kemp NMLS 633627

Addison Nett NMLS 1542184

Casey Carpenter NMLS 145813

All 3 Guests work for Finance of America Mortgage:

Additional Company Notes:

© Finance of America Mortgage LLC is licensed nationwide |  | NMLS ID #1071

Show Notes

Refinancing just became more Expensive! Fannie & Freddie announced a 0.5% fee to all refinances. This roughly translates into an average $1,400 added onto the cost of a refinance, but can be higher or lower, depending on the size of the loan. The new charge is likely to go into effect on Sept. 1.

The change is being made by the Federal Housing Finance Agency, which oversees Fannie and Freddie, as a way to ward off potential losses as a result of the pandemic-induced recession.

Take Advantage of our No Obligation Strategy Sessions:

If you are considering to buy, sell, or refinance do not hesitate to call text or DM: 503.847.9038 

info@modernloanofficers.com

503.VIP.9038

Additional Notes:

All 3 guests are NMLS Licensed Mortgage Advisors:

Christian Kemp NMLS 633627

Addison Nett NMLS 1542184

Casey Carpenter NMLS 145813

All 3 Guests work for Finance of America Mortgage:

Additional Company Notes:

© Finance of America Mortgage LLC is licensed nationwide |  | NMLS ID #1071