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    amount.

    This markup is in addition to the origination fees you’re already paying; agreeing to a retail mortgage rate when refinancing is effectively paying double, even triple for your new mortgage. The good news is that you can avoid paying Yield Spread Premium with your California refi. Homeowners who learn to recognize this unnecessa

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    The high cost of homes in California can make refinancing your mortgage tricky. California homeowners who unknowingly accept retail mortgage rates overpay thousands of dollars unnecessarily. Here are several tips to help you close with mortgage rate you qualify and avoid unnecessary retail markup with your California refi.

    Mortgage loans are retail products just like kitchen appliances. There is a wholesale lender that approves your loan and a mortgage retailer that marks up your interest rate. This person could be a mortgage broker, mortgage company, or even one of those big name websites you see advertising on television. With the exception of banks, most mortgage companies are simply reselling loans for wholesale lenders just like your appliance store resells a dishwasher for profit.

    The retail markup of your California mortgage rate is called Yield Spread Premium and according to the HUD Secretary will cost American homeowners billions of dollars this year. Why do loan officers mark up your interest rate? They do this because the wholesale lender pays them a bonus for overcharging you. Wholesalers sell mortgages to investors on the secondary market and loans with above market mortgage rates bring premium profits. For every quarter point you agree to overpay for your California refi, your loan originator gets a bonus of one percent of your loan amount.

    This markup is in addition to the origination fees you’re already paying; agreeing to a retail mortgage rate when refinancing is effectively paying double, even triple for your new mortgage. The good news is that you can avoid paying Yield Spread Premium with your California refi. Homeowners who learn to recognize this unnecessar

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    are retail products just like kitchen appliances. There is a wholesale lender that approves your loan and a mortgage retailer that marks up your interest rate. This person could be a mortgage broker, mortgage company, or even one of those big name websites you see advertising on television. With the exception of banks, most mortgage companies are simply reselling loans for wholesale lenders just like your appliance store resells a dishwasher for profit.

    The retail markup of your California mortgage rate is called Yield Spread Premium and according to the HUD Secretary will cost American homeowners billions of dollars this year. Why do loan officers mark up your interest rate? They do this because the wholesale lender pays them a bonus for overcharging you. Wholesalers sell mortgages to investors on the secondary market and loans with above market mortgage rates bring premium profits. For every quarter point you agree to overpay for your California refi, your loan originator gets a bonus of one percent of your loan amount.

    This markup is in addition to the origination fees you’re already paying; agreeing to a retail mortgage rate when refinancing is effectively paying double, even triple for your new mortgage. The good news is that you can avoid paying Yield Spread Premium with your California refi. Homeowners who learn to recognize this unnecessa

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    are simply reselling loans for wholesale lenders just like your appliance store resells a dishwasher for profit.

    The retail markup of your California mortgage rate is called Yield Spread Premium and according to the HUD Secretary will cost American homeowners billions of dollars this year. Why do loan officers mark up your interest rate? They do this because the wholesale lender pays them a bonus for overcharging you. Wholesalers sell mortgages to investors on the secondary market and loans with above market mortgage rates bring premium profits. For every quarter point you agree to overpay for your California refi, your loan originator gets a bonus of one percent of your loan amount.

    This markup is in addition to the origination fees you’re already paying; agreeing to a retail mortgage rate when refinancing is effectively paying double, even triple for your new mortgage. The good news is that you can avoid paying Yield Spread Premium with your California refi. Homeowners who learn to recognize this unnecessa

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    They do this because the wholesale lender pays them a bonus for overcharging you. Wholesalers sell mortgages to investors on the secondary market and loans with above market mortgage rates bring premium profits. For every quarter point you agree to overpay for your California refi, your loan originator gets a bonus of one percent of your loan amount.

    This markup is in addition to the origination fees you’re already paying; agreeing to a retail mortgage rate when refinancing is effectively paying double, even triple for your new mortgage. The good news is that you can avoid paying Yield Spread Premium with your California refi. Homeowners who learn to recognize this unnecessa

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    amount.

    This markup is in addition to the origination fees you’re already paying; agreeing to a retail mortgage rate when refinancing is effectively paying double, even triple for your new mortgage. The good news is that you can avoid paying Yield Spread Premium with your California refi. Homeowners who learn to recognize this unnecessary markup can negotiate to avoid paying it. You can learn how to do this and avoid other costly mortgage pitfalls with a free video tutorial.

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