Higher Mortgage Fees For Those With Higher Credit Scores And Vice Versa

<div class="xdj266r x11i5rnm xat24cr x1mh8g0r x1vvkbs x126k92a"> <div dir="auto"> <p>Shop around online for a better mortgage rate with <a href= "https://www.financialsamurai.com/Crediblemortgage" target="_blank" rel="noopener" aria-label= "Credible (opens in a new tab)">Credible</a>. You can get multiple real quotes in one place so lenders can compete for your business.</p> <p>For more nuanced personal finance content, join 60,000+ others and sign up for the <a href= "https://www.financialsamurai.com/newsletter" target="_blank" rel= "noreferrer noopener nofollow">free Financial Samurai newsletter</a> and <a href= "https://www.financialsamurai.com/email" target="_blank" rel= "noreferrer noopener nofollow">posts via e-mail</a>. Financial Samurai is one of the largest independently-owned personal finance sites that started in 2009. </p> <p>If you enjoyed this episode, please leave a positive 5-star review!</p> <p><strong>Episode Synopsis</strong></p> </div> <div dir="auto">Do you have a high credit score? Congrats! You now have to pay higher mortgage fees or a higher mortgage rate starting May 1, 2023. Conversely, if you have a low credit score, you now get to pay lower mortgage fees or a lower mortgage rate.</div> <div dir="auto"> </div> </div> <div class="x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a"> <div dir="auto">Let's explore why this is and how the new rule could be a net positive for society. Because the initial knee-jerk reaction is negative.</div> <div dir="auto"> </div> <div dir="auto">Posts mentioned:</div> <div dir="auto"> </div> <div dir="auto"><a href= "https://www.financialsamurai.com/higher-credit-score-higher-mortgage-fees-rates/" target="_blank" rel="noopener">Higher Credit Scores Now Mean Higher Mortgage Fees Or Rates</a></div> <div dir="auto"> </div> <div dir="auto"><a href= "https://www.financialsamurai.com/no-cost-refinance-mortgage-loan/" target="_blank" rel="noopener">No Such Thing As A No-Cost Mortgage</a></div> <div dir="auto"> </div> <div dir="auto"><a href= "https://www.financial