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This is the upfront fee you pay for the mortgage. Many people opt to pay it over time. High credit score people still pay less. To be honest, I'm not sure why
by bcrosby95 4y ago
This is the upfront fee you pay for the mortgage. Many people opt to pay it over time.
High credit score people still pay less.
To be honest, I'm not sure why credit rating should affect this fee. Those with a low credit rating already pay more in interest.
- frankfrankfrank 4y agoYou’re surfacing a whole different issue, the legitimacy and fraud of the whole credit score system, produced by organizations who have a clear and documented history of fraud. See, housing “bubble”, aka fraud, for reference.