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Talk about headlines that mislead. This is not “we’re making the fees higher for people with higher credit ratings” (a boomer driven invention from the 80s). T
by olliej 4y ago
Talk about headlines that mislead. This is not “we’re making the fees higher for people with higher credit ratings” (a boomer driven invention from the 80s).
This is reducing the overall fee discount people with higher credit ratings, from the article: “ lower-credit buyers will still pay more in LLPA fees than high-credit buyers”
So if you really think this is unfair, go and damage your credit rating. That way this particular penalty won’t impact you, because you won’t be getting the reduced discount anyway, and all your other fees will be higher, and your interest rate will be higher. Sounds like a win to me!