940 - Will Investors With High Credit Scores Pay More Now? What The New Mortgage Rules Actually Mean by Andrew Syrios
BiggerPockets Daily
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The 1% Fee for Taking Out a 95% LTV Loan
Those with low credit scores are much more likely to go into default than those with good credit. This could be paid as a fee but is more often absorbed by the lender in exchange for a higher interest rate on the loan. Riskier borrowers, by the way, are still paying more. The difference is probably bigger than most people realize.
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