Is THIS a repeat of Pre-2008 Mortgage Program? Are you a first time home buyer or is your credit score bad? Well we just uncovered a new mortgage program by Freddie Mac called "Home Possible". The lending criteria for these loans offer many different options to people looking to buy but can not secure a conventional loan. Is this a good thing with potentially bad consequences in the future? In this video I unpack what this program is all about, who qualifies, and how the loans are structured. I also give you my opinion about what this could potentially do if the real estate market crashes!
0:00 Intro
1:31 What is this mortgage program all about?
2:30 Who qualifies for this program?
2:57 Breakdown of the program
6:20 Overall thoughts of the mortgage program
7:04 Concerns of the program
10:08 The bottom line
Freddie Mac Home Possible Website
https://sf.freddiemac.com/working-with-us/affordable-lending/guide-to-home-possible-mortgage#discover-home-possible
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---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak and Daniel 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 The Kwak Brothers and its 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.
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