Great credit and money is now going to penalize for getting a mortgage
Didier Malagies • April 24, 2023
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New legislation being passed on May 1st for getting a mortgage will
1. Credit score from 680 to 780 will be penalized for having good credit
2. Putting more money down like 15 to 20% will be penalized via higher rates and more fees.
So having excellent credit and putting more money down will hurt you and not help you when it comes to getting a great rate.
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