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Congressional leaders struck a deal Sunday on a nearly $900 billion coronavirus relief bill that will bring a new round of support to millions of Americans before year’s end.
The agreement contains many priorities championed by NAR, including rental assistance, a fresh round of funding and simplified forgiveness for SBA loans, and more direct payments to Americans. “Through this bill, our members will continue to have access to unemployment and small business assistance. But perhaps one of the biggest wins is rental assistance, which we have fought hard for since the last major COVID-19 bill was passed in April. It will bring instant relief to both mom-and-pop property owners and American families in danger of going over a financial cliff at the end of the year,” says Shannon McGahn, chief advocacy officer for NAR. “While this bill hit more traditional political obstacles than the ones passed earlier this year, it was always a must-pass bill,” McGahn says. “One in five of our members took out a PPP loan. We made sure that Congress knew these items were critical to America’s 1.4 million REALTORS® and the economy as a whole.” Specifically, the agreement reportedly:
Congressional leaders will begin consideration of the agreement Monday alongside a $1.4 trillion spending bill to fund the government through September 2021. The government funding bill reportedly contains several items of importance to NAR, including:
Watch nar.realtor/coronavirus for updates. This Below Market Rate home is offered at $334,549.00. It's a 2 Bedroom, 2 bath, 1066 sq ft home on one level. Offers are due by December 22, 2020.
Look at the flyer below for steps on applying. (Click here for link) This YouTube video is an update from Realtor.com showing that jobs are slowly returning. Many are waiting for another round of stimulus checks. The mortgage rate can't get much lower than it already is as you can see from the charts. Home sales will increase and possibly pricing also, because supply is tight while demand is good. Forecast for 2021 is upbeat and positive. I've been through it myself. After getting divorced, I fell into some undesirable situations which increased my debt and the amount of missed or late payments. This was about 5 years ago when I found out that credit score dropped to 381. How did I know? I was trying to buy a used car and got denied. That was my wake up call and the turn-around point where I knew I had to make some changes in order to improve my situation.
First, I found that I had to learn everything I could about credit and how to raise my credit score. Credit is the amount of trust, product, money, or services that another is willing to offer, in this case, we use the financial institution or the bank. They will loan or lend you money depending on the your risk factor. Your risk factor is based on your credit score, reported by the three major credit bureaus. There are many others. The credit score ranges from 350 to 850; 350 is highest and worst risk to show and 850 is the lowest and best risk for creditors to carry. Your credit score shows your risk factor. If your score is above 780, you have excellent credit, above 740 is very good, and 720 and over is above average. You want your score at or above 720. Anything below that means it is par or subpar. So, how does the bureaus calculate your credit score. Each of the three major bureaus, Equifax, Transunion, and Experian have slightly different algorithms they use, so that is why you will have three scores. However, the data they use is similar and prioritized in order.
This is part of it. Come back and I will write more in future articles. And, it took some time, but find out how I was able to raise my score back up to over 700. Start with getting your report at Annualcreditreport.com. Go to the contact page if you need assistance. Here is a Below Market Rate home for sale in the city of Emeryville. 2 Bedroom, 2 bath, 1038 sq. ft. condo priced at $487,500.00. There will be income guidelines and Emeryville city's qualification. Learn more by going to https://www.ci.emeryville.ca.us/565/Below-Market-Rate-Ownership-Program. For the listing, goto https://maxebrdi.paragonrels.com/CollabLink/?id=3577ea33-7e9d-4730-bdc0-be11c52b3610#
Here is a BMR in the City of Emeryville. 1 Bedroom, 1 bath priced at $397,500.00. There will be income guidelines and Emeryville city's qualification. For more information, goto https://www.ci.emeryville.ca.us/565/Below-Market-Rate-Ownership-Program. For the listing, goto https://maxebrdi.paragonrels.com/publink/default.aspx?GUID=b3b85164-a552-4ed2-b5f0-8996f553e61c&Report=Yes
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