What an interesting week we just wrapped up. Did anyone check out the reparations hearing that Congress held Wednesday? Josh & Tobe discuss what criteria surrounds reparations and are there qualifications for them. Are reparations truly realistic considering the climate we currently live in and what sacrifice would those who receive them, have to make?
Tobe gives up an update on his savings goal for the year and also why do savings matter. Saving money seems to be a difficult task for the average American. Josh speaks about how his ability to save opened the opportunity for him to recently partner on a couple real estate acquisitions.
Has anyone heard of a potential bill that would remove private mortgage insurance once a borrower reaches 22% equity in their mortgage loan. This is still up in the air so we can't guarantee you it will be a thing of the future. With a conventional mortgage loan, PMI (private mortgage insurance)is required until you have 20% equity in the value of the home. on a FHA loan, you currently pay PMI for the duration of the loan. That is the tradeoff for only having to pay a minimum of 3.5% as your down payment. If this bill is to be passed, could we possibly see an increase in 1st time home ownership?
We also touch the recent developments between US & Iran, The We Work IPO, the Givling app in which you can win prizes that are credited to your student loan debt, and much MORE!
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