Tag: llpa
Just How Much Your Credit Score Impacts Your Interest Rate
While I was preparing my morning rate quote (I’ll follow up at RCG this afternoon in case of a rate change), I thought I would run a couple scenarios on how much your credit score now cost you…just one digit off and you are paying more for your mortgage.
The following scenarios are based on a [...]
Posted: April 18th, 2008 under Buyer Information, General Real Estate, Mortgage and Lending.
Tags: credit-score, interest-rate, llpa, mortgage-rate, risk-based-pricing
Comments: 27
Major Credit Score Rate Adjustments — The Hits Keep Coming
Fannie and Freddie are implementing new loan level price adjustments (LLPA) based on credit score and loan to value. This is a change for the worse from my previous post announcing the original LLPA. Now your credit score is even more critical. Some lenders are implementing these changes immediately with terms on [...]
Posted: March 13th, 2008 under Agent Advice, Buyer Information, General Real Estate, Mortgage and Lending.
Tags: credit-score, fannie, freddie, llpa, rate
Comments: 40
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