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Weekly Personal Finance Update 4.17.23
Manage episode 407427877 series 3560143
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Welcome to the weekly financial update podcast! This week we discuss student loans, mortgages, and stocks.
This podcast episode covers the latest news on student loans and how to get them forgiven. We discuss the new digital signature feature for PSLF recertification, as well as a recent Supreme Court ruling that could allow borrowers to have their loans forgiven if they can prove fraud by their school. Additionally, we explore the fact that while less than one in 10 undergraduates default on their loan payments, only six in 10 actually complete their degree within six years of starting school.
In addition, this week's financial update podcast covers mortgages, with a focus on the new 40-year mortgage approved by FHA. We discuss how 71% of people wouldn't accept a mortgage below 5.5%, and how Fannie Mae now allows real estate agents to use part of their commission for down payments on houses for clients. Finally, we look at how housing is so unaffordable that banks lost money for each mortgage they financed in 2022 according to a report. Tune in to learn more about mortgages!
If you need help with your financial planning, be sure to check out our new financial planning technology at FitBUX.
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