Federal national mortgage association and you will Freddie Mac, the newest companies you to definitely give all the old-fashioned finance in the U.S., fees loan-level speed modifications, otherwise LLPAs.
- Loan-to-well worth (LTV): LTV is the proportion involving the amount borrowed and domestic value
- Credit rating
As an example, a borrower which have 20% off and you may good 700 credit score will pay step one.25% of the amount borrowed during the LLPAs. But a candidate which have a beneficial 640 get and you can 10% down was billed a fee regarding 2.75 %. (далее…)