Housing Market Update: Biden Just Flipped The Market. President Biden is looking to boost the housing market in a way which could potentially harm or benefit borrowers for mortgages. This new lending law that Biden is talking about implementing into the housing market will allow lenders to re-evaluate how lending criteria will fit with people who have student loans and how much they will be allowed to borrow. So in this video, we will be unpacking what the President has said and what this looks like for people who are looking to buy a home in the 2021 housing market!
0:44 How lending is currently calculated and how it will change
2:52 What exactly changed
4:17 What does this mean for the housing market
7:12 The real reason why people can’t get loans
9:00 Thoughts on mortgage programs ending and what it means
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—DISCLAIMER— The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.