What you need to know about the truth of credit scores and interest rates.
Are you worried about the recent news that’s saying people with lower scores are getting better interest rates for their homes? If so, know that I’m here today to clear the air and show you the truth about this situation. This news has gotten a lot of action lately, but there are some misconceptions involved.
Listen to the video above for a full explanation, or skip to specific topics using these timestamps:
0:00 — Introduction
0:30 — The truth about credit scores and interest rates
1:30 — Analyzing the Loan Level Price Adjustment (LLPA) graph
2:05 — The reality of the situation
3:55 — Helping people with lower scores to incentive buying homes
5:02 — Wrapping up
Overall, just know that people still benefit significantly from higher credit scores. If you are still confused or have any questions about this, don’t hesitate to reach out! You can call or email me anytime, and know that I’m always happy to help.