It depends on the model. I'm shopping around (wifey has a Kia), and they will ask for the VIN number of the Kia/Hyundai. For the vehicles that has a push-start button, it has an immobilizer, and as long as it does, they are insuring them. If the vehicle has a traditional key that has to be put into the ignition and turn-start, then they either won't insure them or will charge a much higher premium.

forget the kia, get a honda duude.:icon14:

https://www.newsweek.com/biden-raise...rowers-1795700

<< Homebuyers with good credit scores will soon be facing higher mortgage fees as the Biden administration seeks to close the racial homeownership gap and get more first-time and low-income buyers through the door. >>

W….T….F…. This clown is purposely trying to kill the middle class and this proves it. Penalized for having good credit? :gtfo2::gtfo2::gtfo2:

Good Saturday Morning All. 79* for a high today with a 30% chance of more rain. Got 3" of rain Thursday night. So we are ok for the time being. :ugh2: Anyway hope you all have a Great Saturday. Stay Safe, Stay Positive and Keep Moving Forward. :tup:

Remember: "Never Say Never Because Limits, Like Fears, Are Often Just Illusions." Michael Jordan.

:hello:

Happy Saturday
simply enjoy the day the moment
life is weird at times and count your blessing
:happydance:

Going to be a repeat of 2008 with the housing lending in the future.

Last 2 years have been a clown show. The next 2 years will continue that. Hopefully it ends there.

talk about a clown show, that was the previous administration... complete circus.

215 Days until Thanksgiving 2023

247 Days until Christmas 2023

254 Days until New Years 2024

? Days until EW pays off his BMW

Only in Mr. Potato Head's world do you need bad credit to buy a $400,000 house but need steller.credit to by a $25,000 car.

Every day I think these.clowns can't ruin this country any more, some clown steps up.and says hold my beer.

Oh, and Mayor Petey Pie want to spend a half a billion dollars.on female crash test dummies because of "equality"! !!!

Why don't they just put dresses on the male dummies and save us a ton of money? Works for humans.

Keep in mind that:

1. This does not apply to current homeOWNERS, and this applies to homeBUYERS. If you are a current homeowner, your mortgage payment is fixed (unless you have an ARM).
2. This also depends on the loan type homeBUYERS will move forward with. LLPA generally apply to Conventional Loans, and not any government-backed loans (i.e. FHA, VA, etc.).
3. LLPA's were introduced after the housing market crash in the late 2000's and basically comes in the form of fees typically through higher rates.

https://themortgagereports.com/6866/...-mortgage-rate

The biggest takeaway: The US is still experiencing a severe housing shortage (about 15 years of underbuilding), and paired with rising rates, you have less homebuyers now than before.

The market then was a completely different market than now.

THEN:
1. No mortgage lending regulations, at least not to the likes of today. This resulted in a lot of bad/toxic mortgages being sold off to the secondary market that eventually/essentially became worthless securities. Remember Lehman Brothers?
2. There was too much supply then, paired with too many homeowners having too many mortgages that they did not qualify for. When they defaulted on the loans, this added to the massive housing supply and it was truly a buyer's market in terms of housing supply. The foreclosed homes could not find buyers quick enough.

NOW:
1. Much stricter mortgage lending regulations. There are so many variables and factors the underwriter looks at from the time of mortgage loan application to your closing date. You'd be surprised of how many people start off being qualified, and get denied towards the end.
2. Not enough homes. You can't have a housing market crash like the one in 2008 with the lack of supply. The housing market crash of 2008 is the main driver of the shortage we are experiencing today.

On a side note, depending on the loan type, a potential homebuyer could have a credit score as low as 580 to qualify, amongst other requirements.

I’m looking forward to another one of Brandon's lucid and informative press conferences! Nothing instills confidence more than flash cards, photos and a seat map! Complete with yelling, blank stares, and hand shakes with ghosts.

:shakes head::shakes head::shakes head::shakes head:

Didn't realize dummies had genders.

:gtfo2::gtfo2::gtfo2::gtfo2: