Downbeach Real Estate: New Mortgage Rate Rules

Looking to buy a Downbeach vacation property? You may want to investigate those crazy new rules regarding mortgage rates and credit scores.

Those with great credit might pay more for a mortgage. Those with lower credit scores could get a much better interest rate.

What?

Paul Zgalich from Rate.com and Sherri Lilienfeld of EXP Realty explain these new, Loan Level Price Adjustments.

There will be an impact on credit scores, says Zgalich. But, if you put down 30% or more, you should have no worries, no change.

Ventnor, Margate, Longport, Lower Chelsea, Brigantine.

Loan To Value will play greater role in adjustments to those with certain credit scores.

Debt to Income Ratio.

Second home / investment market always saddled with higher rates than primary home market.

2 thoughts on “Downbeach Real Estate: New Mortgage Rate Rules”

  1. Raised in a meritocracy where individual hard work and sacrifice mattered, I was taught delayed gratification at an early age and still live by that rule even in my 70s.

    The welfare state started in the 60’s that has accelerated under people like Murphy and Biden where the agendas are being run by different small groups that care about “their” issue rather than the Nation’s greater good.

    I am so glad I am not raising my children in today’s society.

    By the way, I have voted democratic and republican over the years always voting for the person best suited for the job.

  2. If I hear one person at my Condo complex say that they’re voting for B____ again, I’m just going to walk away.

    My husband and I refrain from all political discussions, and we’ve been given a rash of crap for NOT voting for him in the past- but now we actually are getting angry.

    How could people consciously vote for him and his socialist administration? These aren’t your parents’ D_______ anymore!

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