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TopicMortgages for homebuyers with good credit will cost more starting May 1st
s0nicfan
04/25/23 2:00:27 PM
#27:


WrkHrdPlayHrdr posted...
Isn't this a one time fee you pay at closing? Correct me if I'm wrong but this isn't something you pay monthly.

From the article:
Under the rule, homebuyers with a credit score of 680 or higher will reportedly have to pay about $40 per month more than people with worse credit when taking out a home loan of $400,000, according to NewsNation, which cited a report from The Washington Times.

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