It may seem odd that interest rates vary between clients, yet there is a good reason for that which has nothing to do with profit to the lender! Lenders’ interest rates are set based on the perceived risk of the borrower. These “adjustments” are set by the agencies buying the loans, such as Fannie Mae and Freddie Mac. When you work with me, I look at all of your options to help you decide what is the best possible loan for your personal financial situation. Call me first!
Related Article Title: Freddie Mac – LPA Feedback Message Updates – Effective October 2019 – Dated September 17, 2019 Written by: Lloyd Rutherford, Staff Writer Using LPA correctly is essential to a successful approval with the right conditions. Stay up to date on the latest LPA feedback messaging along with an updated credit risk pricing […]