HERE IS THE TRUTH BEHIND RECENT NEWS HEADLINES
Seemingly overnight – there has been a TON of news about this unfair tax for borrowers with higher credit scores and high down payment. So before we start telling anyone to stop paying their bills in hopes for a better interest rate, we wanted to separate fact from fiction!
LLPAs: Loan Level Price Adjustments
The “heat map” (table 1) that most people are so upset about, is how the interest rate pricing fees (LLPAs) have changed. It’s NOT representative of the actual rate pricing fee schedule (table 2). What everyone is hyper-ventilating over: Fee schedule CHANGES.
RED = Rising Costs
Green = Lower Cost
Have The Fee Changed?