Excellent credit and putting more money down will now hurt you with higher rates and fees

from Buying Florida · host Didier Malagies

New legislation being passed on May 1st for getting a mortgage will1. Credit score from 680 to 780 will be penalized for having good credit2. Putting more money down like 15 to 20% will be penalized via higher rates and more fees.So having excellent credit and putting more money down will hurt you and not help you when it comes to getting a great rate. tune in and learn more at https://www.ddamortgage.com/blogDidier Malagies nmls#212566DDA Mortgage nmls#324329 Support the show

Episode metadata supplied by the publisher feed · Published Apr 27, 2023

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Excellent credit and putting more money down will now hurt you with higher rates and fees

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