Tag: interest rates
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FHA to allow mortgage terms of 40 years
On Wednesday, the Federal Housing Administration (FHA) announced that 40 year mortgage terms will be permitted beginning in May. Previous to this, mortgages were limited to 30 years. What the FHA ruling means for consumers You may wonder how this new ruling will impact consumers, if at all. Well, it’s certainly going to increase theRead…
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Dave Ramsey; Totally WRONG About the Economic Collapse (2022)
Dave Ramsey arrogantly made predictions about the housing market in the early summer using incomplete data. Now, Dave is making the same mistakes regarding the 2022 economic collapse. AJ explains what’s happening using data and corrects Dave’s statements about the current federal reserve actions.
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The Real Estate Crash is Here! What Can We Do About It? (2022 – 2023)
The Federal Reserve just released the September inflation report and it looks like we may see a Real Estate Crash! “Experts” are beginning to panic and this may mean our economy is in worse shape than we thought. Are we heading into a real recession? Is the Real Estate Crash finally here? AJ reacts to…
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Do this Step Before You Make an Offer on Real Estate!
There are a number of steps needed to ensure you’re ready to make offers on a home or real estate, but none more important than getting a pre-approval letter from a lender. AJ explains how this process works and updates us on his pre-approval letter for his next property!
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Jerome Powell Just Dropped The Big Economy Bomb!
Since the start of this inflationary run, we’ve been waiting for Jerome Powell to drop the big bomb. Last week, at the Economic Forum in Jackson Hole WY, Jerome Powell softly stated that the worst is yet to come. This infuriated a lot of top people in the media and politics. AJ breaks down exactly…
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Everything you need to know about interest rates
Over the past few weeks, I’ve been looking over our content for obvious gaps. While doing this, I realized that we have missed some of the more elementary lessons in personal finance. Among them: interest rates.