7. No More Minimum Credit Score? 50 Year Mortgage?

Send us Fan MailFannie Mae removed the minimum credit score of 620, required to qualify for a loan. Trump wants to give a 50 year mortgage option. We talk about if it is a good idea, and the impact it may have. TakeawaysMost people may not prefer a 50-year mortgage.Longer mortgage terms could impact financial planning for homeowners.Potential risks of long-term mortgages need to be considered.Consumer education on mortgage options is essential.The future of home financing may include more flexible terms.Support the showJoin my Latina Real Estate Investors Community (FREE)https://www.skool.com/real-estate-jefas-9075/aboutGet my FREE Real Estate Investing Starter Kit https://moneychisme.kit.com/rei-starter-kitProperty Management made easy with RentRedihttps://app.rentredi.com/signUp/AOK400?utm_medium=copylink&utm_campaign=referralShareManage Your Funds with BASELANE Bankinghttps://invite.baselane.com/Violeta84614Follow us on Social Mediahttps://www.instagram.com/money_chisme/https://www.instagram.com/lindoesinvesting/Disclaimer:We are not financial advisors. The information contained in this video is for entertainment purposes only. Please consult a licensed professional before making any financial decisions. Affiliate links: I may earn a small commission when you click on the links at no additional cost to you. This helps me provide you with free content, like this podcast! You can read my full disclaimer here: ...