8.27.20 New refinance fee postponed; Why freezing your credit is SO important now

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 27 August 2020

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

The new refi fee that Clark talked about last week is being postponed until December. And borrowers who are refinancing smaller loans won't see it at all! With an influx of Covid scams, freezing your credit is more important than ever. If you haven't frozen your credit, do it soon. It's incredibly quick and free! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:19.6	Join millions of traders who trust Crack and Pro for their crypto trading needs.
0:23.8	Visit pro.crack and dot com to get started today.
0:26.6	Not investment advice, crypto trading involves risk of loss.
0:30.2	It's my pleasure to welcome you here at the Clark Howard Show,
0:39.2	where it's about you learning ways to save more and spend less.
0:43.2	And don't let anyone ever rip you off.
0:45.9	I have an update on a ripoff coming straight ahead.
0:49.4	I had told you, I guess about a week ago,
0:53.8	about a new ripoff fee that was coming to mortgage refice.
1:00.8	It was going to cost people,
1:02.8	refying during the month of September and beyond,
1:06.8	typically about $1,500 in additional junk fees mandatory
1:14.0	on traditional mortgages that you would do,
1:17.9	those are the ones you do conventional with Fannie Mae Freddie Mac,
1:21.8	which is where most loans end up.
1:24.9	And this fee had been dreamt up on the fly by the feds
	...

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