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Updated over 1 year ago,
Loan Level Price Adjustments
Can someone explain what it actually is? Been trying to read about it but looking for a street terminology on it. My charge was $5,634 on a $229,500 mortgage with 10% down on a 2nd home. Would this be considered high? Normal? Did it help me in any way or is it literally just a hedge for Fannie/Freddie?