I did search for this subject prior to posting. I apologize if this has been addressed and would appreciate a point in the right direction -

I would like opinions regarding lender credits, specifically for the chosen interest rate.

At the point the interest rate is locked by the consumer and a lender credit(rebate) for interest rate is determined, under what circumstances (if any) may that lender credit be reduced? There is some contention that if the appraised value on the property comes in lower than anticipated, resulting in a higher LTV (which affects pricing) that the lender credit may be adjusted to a lesser amount.

Thanks!!

A low appraisal resulting in a lower loan amount would be a change in circumstances if it affected the fees in a negative manner to the consumer.