Congress Advances VA Mortgage Fee Hikes | Today in Mortgages Ep. 281
From Today in Mortgages · 9:04
Show by Today in Mortgages
Congress is moving forward with the Take Care of America's Veterans Act, and major changes could be coming to VA loans. Trusted advisor Rich Jefferson joins Michael to break down the pros, cons, and massive fee hikes hidden inside HR 9237. **What we cover:** - Why the VA IRRRL funding fee could jump from 0.5% to 1.42%, adding thousands to refinance costs. - The doubling of VA assumption fees from 0.5% to 1%. - Expanded VA loan eligibility for National Guard members and reservists. - Why elevated interest rates persist following strong jobs reports and upward revisions. - How mortgage professionals can cut through industry jargon to build lasting client credibility through education. Are these fee hikes going to hurt veteran homeowners looking to refinance? Share your thoughts in the comments below, hit subscribe for weekly mortgage news updates, and visit u.nflp.com to learn more about our team culture and peer-to-peer training. Today in Mortgages is produced by Network Funding, LP | Equal Housing Opportunity Lender, NMLS ID #2297 | nflp.com/licensesSee more at TodayInMortgages.comWant to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here. Learn more about Network Funding on our parent site. Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.
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