mortgage secrets

Dirty Little Mortgage Secrets

Yield Spread Premium or YSP is the best kept and most scandalous mortgage secret you’ll encounter as a homeowner. YSP is the premium that your lender pays to the mortgage broker for selling you a higher than necessary mortgage interest rate. The more you overpay when refinancing your mortgage, the higher your broker’s kickback from [...]

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Mortgage Refinancing Secrets

The mortgage industry is complicated and constantly changing. In order to get the best deal possible for your home it is important to understand how the market works and how lenders and loan originators make their money. In doing this you will be able to make educated decisions that affect your financial well-being. Mortgages loans [...]

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May 17th, 2012
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Your Questions Answered
- Juan: I was denied a loan modification, now I want to apply for a FHA streamline refinance , how should I go about doing that? My mortgage lender...
- Katie: Thank you all for the helpful comments! I know no other company that refuses to give a Good Faith Estimate up front. More than a bit...
- Liz Kinder: Any hope for non Freddie/Fannie mortgage holders who are underwater?
- ELG: I just got a quote and USAA’s fees are very very high. I do not recommend them.