Home Buyers Facing Higer Credit Report Costs
Dec 16th, 2006 by Credit Boss
The Seattle Times Reports that home buyers will now face higher charges due to Experian and Equifax changing the rules and how much is charged when mortgage brokers shop rates for their customers.
Home buyers and refinancers face higher fees for credit reports beginning Jan. 1 — a price boost that has mortgage, credit-industry and consumer-group leaders fuming.
This will amount to $100 - $200 more per home buyer which doesn’t seem like a lot, but when home buyers are already pushed to the limit ever dollar counts.