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

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

Author: Sam Dogen: Financial Samurai founder, personal finance blogger May 2, 2023 Duration: 21:21

Shop around online for a better mortgage rate with Credible. You can get multiple real quotes in one place so lenders can compete for your business.

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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:
 
 
 

Money isn't just about numbers on a screen; it's the tool that carves out the life you want to live. On The Financial Samurai Podcast, Sam Dogen digs into that reality with the same direct, experienced perspective that built his influential personal finance blog. You'll hear conversations that go beyond basic tips, focusing instead on the strategic decisions and mental shifts required to build genuine wealth and security. Sam explores the intersection of career, investing, and lifestyle design, drawing from his own journey and insights from various financial trenches. This isn't about get-rich-quick schemes, but about developing a sustainable and intelligent approach to your finances. Each episode feels like a candid discussion with a knowledgeable friend who isn't afraid to tackle the tough questions about risk, opportunity, and what "financial freedom" actually means for different people. Tune in for a podcast that consistently challenges conventional wisdom, offering actionable advice for making your money work harder so you can focus on living better, on your own terms.
Author: Language: English Episodes: 100

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