The Impact of Credit Scores on Mortgages and Travel Reward Credit Cards.

Starting May 1, upfront fees for loans backed by Fannie Mae and Freddie Mac will be adjusted because of changes in the Loan Level Price Adjustments (LLPAs), the fees that vary from borrower to borrower based on their credit scores, downpayments, types of home, and more. The changes relate to credit scores and downpayment sizes. Any loan that’s guaranteed by either Fannie Mae or Freddie Mac, regardless of the lender, will be affected. FHFA also plans a fee on August 1 for borrowers with at least a 40% debt-to-income (DTI) ratio and 60% loan-to-value ratio, calculated by how large your loan is compared with the value of your home.