Finance
A NC homebuyer who has a high credit score (780+) compared to a buyer with a credit score of 620 will likely receive a conventional mortgage at:
AThe same interest rate regardless of credit score
BA lower interest rate because lower credit risk is rewarded with better loan pricing✓ Correct
CA higher rate because lenders are skeptical of very high scores
DA government-required standard rate
Explanation
Conventional mortgage pricing is risk-based — borrowers with higher credit scores represent lower default risk and receive lower interest rates and fees (lower LLPAs — loan-level price adjustments).
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