67. Leveling Out the Housing Field: Good Credit vs Bad Credit

Palmetto Real Estate Pros · May 5, 2023 · 45m

Loans, Credit Scores, and Cards?!? Today's episode started on the topic of Loan Level Price Adjustment (LLPA) - Chad explains to us that this regulation (that went into effect May 1st, 2023) is essentially people with good credit scores underwriting loans for people with bad credit scores. It's goal is to help people with low credit scores attain homes. Before you all run from the hills and decide to rent forever, we will share with you that this is not a technically new thing. Truly, this has been going on and adjustments have been done since the recession of 2008. Plus, if you already own a…