Last week, we started talking about credit in general and the new LLPA (Loan Level Price Adjustment) structure. This week, we’re going to dig more into what the LLPA is and what the new changes enforced by Fannie Mae and Freddie mac mean for the average homebuyer. The new LLPA structure will be in full force May 1st and will …
Whether you are a first-time buyer, experienced home buyer or someone who wants to buy multiple rental properties, the subject of your credit score will come up. You may also hear this referred to as your FICO score.
It is important to understand and check credit reports periodically, this can go a long way in helping your financial trustworthiness be the best that it can be.
Keeping track of your credit rating on a regular basis can protect against fraudulent activity or a simple mistake, which could jeopardize your future investments.