Acknowledging ahead of time that this is a mess, I'm trying to clean it up best I can for my LO. Locked LE issued with discount points of $6,500. Appraisal comes in low and new loan amount is agreed upon. CD issued for lower loan amount and lower interest rate that borrower chose to buy-down. CD disclosed with a discount points of $10,000. Does the fact that the borrower chose a new loan amount and discount point amount negate the $3,500 difference in discount points between the LE and the CD from being a tolerance item?
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