05/02/2023
Ok so this has been driving me crazy, there is SO MUCH misinformation out on social media and in the news right now, leading people to say "I'm going to ruin my credit to get a better rate." NOT TRUE. I thought this when I saw the headlines, but this is the actual LLPA chart from the Fannie Mae website. Yes, the Adjustments did got UP for higher credit borrowers and did go DOWN for lower credit, BUT THE LLPA (ADDED FEE) IS STILL HIGHER FOR LOW CREDIT SCORES.