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Archive Home > 2009 > January > 17 > Home loan costs more now if your credit score isnt stellar

Home loan costs more now if your credit score isnt stellar

By Zack Hall / The Bulletin
January 17, 2009

Taking out a mortgage is getting more expensive for many would-be borrowers.

Mortgage giants Fannie Mae and Freddie Mac are planning to raise their fees again on borrowers who have a FICO credit score of less than 700.

Fannie Mae implemented a risk-based fee structure in 2008, meaning fees on....

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