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149. Why Looser Lending And Longer Loans Won’t Fix Housing Affordability!
🌟 Is the 50-Year Mortgage a Smart Move? 🌟
Welcome to the Ekabo Home Financial Freedom Podcast! This open session addresses pressing questions and insights that can help you navigate your journey toward financial freedom. Host Niyi Adewole is joined by his son for a candid discussion on the current landscape of real estate!
🔥 The Quote of the Day:
"If you can't qualify for the home with the 30-year mortgage, going to a 50 is not going to help you."
This quote emphasizes the importance of understanding mortgage options and the potential pitfalls of extending loan terms. If you need further assistance or modifications, feel free to ask!
🎙️ What You'll Learn:
- Seller Agreements: Can a seller cancel a property agreement? Niyi explains the implications and the importance of building relationships in real estate transactions.
- Fannie Mae's Credit Requirement Changes: Discover the recent changes to Fannie Mae's minimum credit requirements and the potential risks involved, echoing concerns from the 2008 housing crisis.
- 50-Year Mortgages: Niyi shares his thoughts on the proposed 50-year mortgage, discussing its implications for affordability and long-term financial health.
- Community Engagement: Hear about the recent efforts by A.J. to fight against short-term rental bans in Atlanta and the importance of community advocacy.
🏡 Key Takeaways:
- Relationship Building: Establishing rapport with sellers can lead to smoother transactions.
- Cautious Optimism: While changes in credit requirements may open doors, they also raise red flags reminiscent of past housing crises.
- Thoughtful Financial Planning: Consider the long-term effects of mortgage terms on your financial future.
⚛️ Why This Matters:
Understanding these dynamics is crucial for anyone looking to invest in real estate or navigate the housing market. By staying informed about policy changes and market trends, you can make better decisions that align with your financial goals and avoid pitfalls that could jeopardize your investments. This knowledge empowers you to advocate for your interests and those of your community.
🗓️ Tune in every Wednesday at 7 PM Eastern! Don’t miss out on our journey toward financial freedom through smart investments.
👉 Hit that subscribe button and turn on notifications so you never miss an update! Let’s unlock your potential together!
Our Links
➣ Financial Freedom Mastermind Facebook Group - https://www.facebook.com/groups/53083...
➣ Peer Space Host Referral Link https://www.peerspace.com/referrals/g...
➣ AirBNB Host Referral Link https://www.airbnb.com/r/niyia41
➣ Ekabo Home Network (IG, Youtube, Email) https://linktr.ee/ekabohome
Niyi Adewole is a licensed realtor in Georgia, brokered by EXP Realty. Feel free to reach out at [email protected] if you would like to work with an investor friendly real estate agent.
View all episodes
By Niyi Adewole🌟 Is the 50-Year Mortgage a Smart Move? 🌟
Welcome to the Ekabo Home Financial Freedom Podcast! This open session addresses pressing questions and insights that can help you navigate your journey toward financial freedom. Host Niyi Adewole is joined by his son for a candid discussion on the current landscape of real estate!
🔥 The Quote of the Day:
"If you can't qualify for the home with the 30-year mortgage, going to a 50 is not going to help you."
This quote emphasizes the importance of understanding mortgage options and the potential pitfalls of extending loan terms. If you need further assistance or modifications, feel free to ask!
🎙️ What You'll Learn:
- Seller Agreements: Can a seller cancel a property agreement? Niyi explains the implications and the importance of building relationships in real estate transactions.
- Fannie Mae's Credit Requirement Changes: Discover the recent changes to Fannie Mae's minimum credit requirements and the potential risks involved, echoing concerns from the 2008 housing crisis.
- 50-Year Mortgages: Niyi shares his thoughts on the proposed 50-year mortgage, discussing its implications for affordability and long-term financial health.
- Community Engagement: Hear about the recent efforts by A.J. to fight against short-term rental bans in Atlanta and the importance of community advocacy.
🏡 Key Takeaways:
- Relationship Building: Establishing rapport with sellers can lead to smoother transactions.
- Cautious Optimism: While changes in credit requirements may open doors, they also raise red flags reminiscent of past housing crises.
- Thoughtful Financial Planning: Consider the long-term effects of mortgage terms on your financial future.
⚛️ Why This Matters:
Understanding these dynamics is crucial for anyone looking to invest in real estate or navigate the housing market. By staying informed about policy changes and market trends, you can make better decisions that align with your financial goals and avoid pitfalls that could jeopardize your investments. This knowledge empowers you to advocate for your interests and those of your community.
🗓️ Tune in every Wednesday at 7 PM Eastern! Don’t miss out on our journey toward financial freedom through smart investments.
👉 Hit that subscribe button and turn on notifications so you never miss an update! Let’s unlock your potential together!
Our Links
➣ Financial Freedom Mastermind Facebook Group - https://www.facebook.com/groups/53083...
➣ Peer Space Host Referral Link https://www.peerspace.com/referrals/g...
➣ AirBNB Host Referral Link https://www.airbnb.com/r/niyia41
➣ Ekabo Home Network (IG, Youtube, Email) https://linktr.ee/ekabohome
Niyi Adewole is a licensed realtor in Georgia, brokered by EXP Realty. Feel free to reach out at [email protected] if you would like to work with an investor friendly real estate agent.