sangfnsgfsd
Categories: Brett's Mortgage Blog

The Price Of These Loans Just Got More Expensive…

Good Morning!

Don’t look now but Fannie Mae and Freddie Mac are increasing their pricing adjustments for lower credit scores….and, lower scores to Fannie and Freddie means anything below a 740 credit score.

These adjustments were already high for conventional loans.   …but, now it’s getting ridiculous.

I have two messages for you here…

1)  Your credit score is more important than ever – and try to keep it as high as you can.
2)
FHA, VA, USDA don’t have the extremely high pricing penalties that
Fannie/Freddie do.        …so, if you can possibly avoid using a
conventional loan – please do so.

Thanks for reading!  …and, have a great day!

Brett

Brett Sampson

Recent Posts

Important To Know Before You Buy A House…

One of the most important things you will have to do when you apply for…

4 days ago

Free Grant Money Available For These Professions…

I wanted to let you know we have a 2% to 5% downpayment and closing…

7 days ago

No Income Documentation Needed For This Loan…

If you want to acquire rental properties, but you are having issues proving your income…

2 weeks ago

How To Get Cash Out Of Your Home Without Paying Off Your Low Interest Mortgage…

Do you need cash out of your home, but you don’t want to refinance the…

2 weeks ago

How To Get A Conventional Loan With Less Than Two Years Work History…

In the mortgage world there are rules we have to follow. Such as, rules about…

3 weeks ago

How To Pull Cash Out Of Your Rental Property With No Income Documentation…

Do you have investment property, and would like to pull cash out of your property?…

4 weeks ago