05/19/2023
Don't be confused by the recent new mortgage fees for people with high credit scores! Get the facts! For example, the amount you put down can affect your mortgage fees as well.
"Bottom Line: Depending on your credit score and down payment, the fees for taking a conventional loan have gotten more or less generous. Ultimately, there isn’t much a borrower can do about the fees, and Fannie and Freddie loans remain the best deal for most. As a borrower, you’re still rewarded for maintaining a high credit score and making a hefty down payment."
The reward for stellar credit has narrowed for some homebuyers — but are they really paying more now for a mortgage?