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Iowa Balloon Loan Refinancing Instrument Form Fannie Mae

Iowa Balloon Loan Refinancing Instrument Form Fannie Mae

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so today I'm going to talk to you about something that's really boring only if you're not trying to buy a house or qualify for a mortgage so Fannie Mae has something called a loan level pricing adjustment loan level pricing adjustments come when there's a greater risk on your loan something like say an investment property carries high llpas right so what that means is that your rate or your cost for your loan increases due to the llpa so they're increasing the cost of llpas across the board and they're also adding some new ones one of those new ones is if your debt to income ratio is over 40 percent congratulations you are getting hit with an llpa so right now there is no llpa for high DT so why is this important well any loan delivered to Fannie Mae after May 1st is going to be hit with these new llpas and some lenders are putting them in place as soon as April 1st so work with us at True Blue lending and we will help you get your deal s

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