| |
risk based pricing: How does your FICO score affect your interest rate - 02/09/11 02:42 PM
Your apparent risk as a borrower may dramatically affect the interest rate you have to pay. To a lender, there are three key risk components:
1. Credit rating - this is your personal history demonstrating your responsibility. The higher your score, the more trustworthiness you have demonstrated and are expected to continue to demonstrate.2. LTV (loan-to-value) - this serves two purposes. First, by having a higher down payment (hence a lower LTV), the lender is more protected against market downturns. Second, the more skin in the game you have, the more likely you are to stick with it.3. Loan Amount - … (0 comments)
|
risk based pricing: Changes to loan pricing based on your FICO score may cost you more money - 02/09/11 02:04 PM
The higher the risk, the more costly the loan. Are you considered high risk?
As a borrower, your risk is adjudged based on your credit rating - typically referred to as your FICO score. The lower your score, the higher risk you appear and vice versa.
This year, the the risk based pricing chart (Agency Loan Level Price Adjustment (LLPA)) has been revised. These LLPA changes were made by the Agencies and all major Correspondent Lender's implemented them. Below is the table of CHANGES. (You can see the full table with final adjustments for 2011 in the post "How Does Your … (0 comments)
|
|
|
|
|
|
San Diego Real Estate & Mortgage Loans | Robert T. Boyer, Ph.D. | VA Home Loan
La Jolla,
CA
More about me…
FHA Loan, VA Loan, Jumbo Loan,FHA Loans,VA Loans,Jumbo Loans
Address: ALL California,San Diego,La Jolla,Del Mar,Carmel Valley, Los Angeles,San Francisco,Orange, Ventura, Bay Area, San Diego, CA, 92130
Office Phone: (858) 442-1322
Email Me
The San Diego Real Estate Housing Market tends to lead the nation's real estate activities. This blog looks at current activity and trend data, including sales rates, months of inventory, median home price, unemployment, inflation, etc., with an intent to provide timely predictions for our market. Because such a large part of the current market is make up of San Diego Foreclosures and REOs we will also look deeply at how they affect the current environment. Additionally, specific market segments are monitored, such as La Jolla Real Estate, Del Mar Real Estate, Rancho Santa Fe Real Estate, and Carmel Valley Real Estate
 Listings
Links
Archives
|
;)
;)
;)
