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FHFA eliminates adverse refinance fee

FHFA Eliminates Adverse Market Refinance Fee

Washington, D.C. –To help families reduce their housing costs, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will eliminate the Adverse Market Refinance Fee for loan deliveries effective August 1, 2021. The FHFA is a government sponsored enterprise designed to regulate the secondary Fannie Mae and Freddie Mac …

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strategies on how to get offer accepted in a seller's market

Strategies on how to get your offer accepted in a seller’s market

video transcript hello everyone this ismario cardenas i’m a loan officer withaffinity home lending i hopeeveryone’s having a wonderful day so iwant to go over some basic strategies onto enhance your offer in a seller’smarket sothe first thing is team up with arealtor that is anexpert in your market uh they will beable tonegotiate and …

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pre qual vs pre approval

What is the difference between mortgage pre-qualification and pre-approval?

VIdeo transcript Hello ladies and gentlemen! This is Mortgage Loan officer Mario Cardenas with Affinity Home lending in Marietta Georgia reporting live with your mortgage topic of the day. I hope everyone is crushing their week! Today I want to briefly discuss the difference between a mortgage purchase pre qualification and a pre approval.  So …

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mortgage interest rate vs annual percentage rate

Mortgage interest rate vs annual percentage rate

Video transcript Reporting live! This is Mortgage Loan Officer Mario Cardenas. I hope everyone is having a wonderful day! The mortgage topic of the day is interest rate vs Annual Percentage Rate or APR for short. When you’re refinancing or taking out a mortgage, keep in mind that an advertised interest rate isn’t the same as your …

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