The first thing you should find out is the exact FICO score, more importantly, the "middle score". You actually have three different scores, one for each reporting company (Trans-Union, Experian and Equifax). With 20% down, a 720 mid-score can have an additional .75% cost. This does vary some what lender to lender. The other things you need to know is what interest rate you are being charged and how many additional points the lender is charging you. Just as important, you need to know if your rate is locked, and for how long. All of those are crucial in determining if you are being charged fairly. If your lender won't give you direct answers to all of those questions, you have great reason to be concerned.
If you have any other questions, please don’t hesitate to call or visit our website shown below.
Forefront Real Estate
154 W. Foothill Blvd #A308
Upland, CA 91786