If you are in the process of taking out a new mortgage to purchase your home or refinance your existing mortgage, the fees you pay can make the difference between getting a great mortgage loan and paying too much. The fees on your Good Faith Estimate are often cryptic and many brokers leave the most [...]
America’s Most Trusted Refinancing Advice
Click For Free Expert Mortgage Advice
Mortgage Refinancing Articles
Mortgage YSP
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…
My name is Robert Regehr and I’m a personal finance blogger with a chip on my shoulder for banks and mortgage brokers that take advantage of my friends and neighbors.
Like me on Facebook
Follow me on Twitter
Sample Videos
