yield spread premium

Refinancing Your California Mortgage Loan

Refinancing a California mortgage loan can be an intimidating process for many homeowners. Comparison shopping will help you find a variety of loan offers to meet your needs; however, if you want to avoid overpaying for your next California mortgage you need to understand how mortgage companies make their money and speak their lingo. Loan [...]

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Mortgage Brokers-Why to Avoid

If you are considering refinancing your home loan with a mortgage broker, you might want to reconsider. Mortgage brokers can be an excellent resource when refinancing; however, if you’re not careful you could find yourself overpaying thousands of dollars. Here are several reasons that you might reconsider refinancing your home loan with a mortgage broker. [...]

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Mortgage Refinancing Terminology You Need to Know

I. Loan to Value Ratio (LTV) Your loan to value ratio is determined by dividing the amount of the mortgage you are requesting by the appraised value of your home. Suppose you are borrowing 100,000 to refinance your home appraised at $175,000; your loan to value ratio (LTV) in this case ($100,000 / $175,000 x [...]

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Need a Colorado Mortgage Broker? Check Out The Mortgage Insider

If you’re considering refinancing your mortgage in the State of Colorado, finding the right person to originate your mortgage loan can save you thousands of dollars and many future headaches. Robert Blake is a licensed mortgage broker in the State of Colorado and is fairly outspoken against Yield Spread Premium and bank mortgage loans on [...]

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Yield Spread Premium

If you are in the process of refinancing your home mortgage, you may encounter the term “Yield Spread Premium.” This is a controversial subject being debated in Congress and pertains to the way mortgage loans are sold in the United States. That’s right, just like a kitchen appliance, what you pay for a mortgage depends [...]

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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.