How do lenders decide what to charge for a loan? Well, part of that determination is you–how risky your overall “package” is. It’s kind of like the way car insurance companies decide how much to charge you. If you’re the careful lady with a Volvo and a squeaky-clean DMV record, your insurance rates should reflect that. If you drive a super-charged fire-breathing monster and are on a first-name basis with the local traffic court judge, you know you’re gonna pay more. Fair enough. Continue reading ‘What Determines Mortgage Pricing?’
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