Complete the sentence. A loan level price adjustment is $\_\_\_\_\_\_\_\_\_\_\_$

Question $6$ options:

mortgage rate adjustment $($increase$)$ based on risk factors such as LTV$,$ borrowed credit score, and property type

discount offered by lenders to borrowers with high credit scores as a reward for their strong financial history

the way mortgage balance adjusts over the time of the loan

a fee that lenders charge borrowers for missing monthly payments after the mortgage has been issued.