Unbelievable! Homebuyers With Good Credit Will Pay MORE for Mortgages

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Homebuyers with lower credit scores will now be rewarded at the expense of individuals who have worked hard to build up their high credit scores, due to a new federal rule taking effect on May 1st, 2023. The loan-level price adjustments set by Fannie Mae and Freddie Mac are estimated to cause roughly $40 more per month for mortgages from private banks across America over 400k worth in loans - especially those putting 15-20% down on housing property. This controversial ruling is sure to impact many buying decisions this upcoming peak spring season, leaving some fuming as they pay extra costs based solely off their usually positive financial standing.

Robert Garcia, Realtor
Eric Stewart Group of Long and Foster Realtors
Licensed in MD, DC & VA.
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Банки кредиты
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