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Government • April 27, 2022

New Fees on Second Homes

by Amy Jewett Sampson

Beginning April 1, 2022, upfront fees for second home loans will increase between 1.125% to 3.875%.  These new fees impact mortgages sold to Fannie Mae and Freddie Mac, the two government-backed privately held mortgage companies created by Congress to provide stability and affordability in the mortgage market.  Check out my podcast (by clicking on photo below) to learn more how this might impact your real estate decisions.

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