Next, most A paper lenders want to see 24 months of on-time mortgage payments in order to approve a loan. The process starts with the fact that the applicant doesn't qualify for an A paper loan for a particular reason. What the loan agent does is look for a B paper lender that can address that particular problem. In A paper, it's all about who has the best deal. In B paper, it's all about who can actually do the loan.
Pricing is secondary to solving the problem of just getting the financing.
There are plenty of lenders out there so, while you won't get the lowest possible rate, you also don't have to pay an exorbitant amount in points on top of the higher rate. One point is one percent of your loan amount. It's important to understand what the agent is asking you to pay in points in addition to whatever the agent is getting from the lender in terms of a rebate. This should be reflected on the Good Faith Estimate. If it's not clear, ask.