# new mortgage fee structure

Home Replacement Cost vs Actual Cash Value | Allstate » Learn about the differences between replacement cost and actual cash value on a homeowners insurance policy. Allstate.com

Mortgage fee structure for some homebuyers is changing this month. Here's how. » A little-known surcharge set to change on May 1 could impact consumers in different ways. Cbsnews.com

New fee structure on May 1 will make mortgages cheaper for some and pricier for others » The FHFA's new pricing for conventional mortgages is set to go into effect on May 1. Find out how much these fees have changed and how much you could pay. Businessinsider.com

Some BIG Changes to Mortgage Costs Were Just Announced » In a single moment, the fees for a vast majority of new mortgages in the US have changed.  In some cases, the changes are drastic, both for better and worse.  Let's break it down. What do you mean by "fees/costs?"   This refers to Loan Level Price Adjustments (LLPAs) imposed by Fannie Mae and Freddie Mac (the "agencies"), the two entities that guaranty a vast majority of new mortgages.  LLPAs are based on loan features such as your credit score, the loan-to-value ratio, occupancy (owner vs non-owner occupied homes), and most recently, your debt-to-income ratio What lenders/loans does this apply to? Any loan guaranteed by one of the agencies regardless of the lender.  This is MOST loans in the US.  Examples of loans that wouldn't be affected would be FHA/VA as well as certain jumbo and specialty products.  "Non-conforming" loans are not impacted by this as they are not guaranteed by the agencie Mortgagenewsdaily.com

Is There Really a New, Unfair Mortgage Tax on Those With High Credit? » Seemingly overnight, the internet is awash with news regarding a "new," unfair tax on mortgage borrowers with higher credit scores. Some have gone so far as to suggest that someone could intentionally lower their credit score in order to get a better deal. Before you stop paying your bills in the hope of cashing in, let's separate fact from fiction.  First and most importantly, you will absolutely NOT get a better deal on a mortgage rate if your credit score is lower, even if your nephew just texted you a screenshot of a news headline saying "620 FICO SCORE GETS A 1.75% FEE DISCOUNT" and "740 FICO SCORE PAYS 1% FEE."   So why would your nephew make such a claim? This all has to do with changes to Loan Level Price Adjustments (LLPAs) imposed by Fannie Mae and Freddie Mac (the "agencies"), the two entities that guaranty a vast majority of new mortgages. LLPAs are based on loan features such as your credit score and the l Mortgagenewsdaily.com

New Construction vs. Existing Home | LendingTree » Find out whether you should buy a new home or a pre-owned one. We’ll compare the costs and explore pros and cons. Lendingtree.com

Mortgage Broker vs. Bank: Which Is Best? | Pros and Cons » Do you get better mortgage rates from a mortgage broker, lender, or a bank? What's the difference? Find out which one is better for your situation. Themortgagereports.com

New Mortgage Fees: Will Higher Credit Buyers Pay More? | Bankrate » The reward for stellar credit has narrowed for some homebuyers — but are they really paying more now for a mortgage? Bankrate.com