Yield Spread Premium or YSP is a fee paid by mortgage lenders for closing your home loan with a higher than necessary mortgage rate. Lenders pay this fee (kickback) because they know that home loans with higher than market interest rates bring them premium profits when your home loan is sold to investors on the secondary market. The problem with this hidden markup is that it costs you thousands of dollars per year unnecessarily; avoid it and you’ll get wholesale mortgage rates for your next home loan and keep more of your hard-earned cash. Here’s what you need to know to get started doing just that…