te and guarantees this mortgage rate in writing to your loan representative. Your mortgage company knows the interest rate you were qualified but marks this rate up because the wholesale lender pays them a bonus for every .25% more you agree to pay. If you qualify for mortgage refinancing at 6.0% but agree to pay 6.75%, that mortgage company receives 3% of your loan amount on top of the origination fees you’re probably already overpaying.

Mortgage Refinancin

Yield Spread Premium may sound as exciting as having your taxes audited; however, if you neglect to learn how mortgage companies make the majority of their profits, you’re destined to overpay thousands of dollars each and every year you have a mortgage loan. No discussion about Mortgage Refinancing Information is complete without a mention of Yield Spread Premium, yet very few homeowners have ever heard of it. Here are the basics of Yield Spread Premium you need to know; Mortgage Refinancing Information that will save you thousands of dollars on your next mortgage loan.

Mortgage Refinancing Information: What Is Yield Spread Premium?

Yield Spread Premium is the retail markup of your mortgage interest rate. Like any other product available to consumers today, there is a retail mortgage market where you and I take out mortgage loans, and a secondary market where mortgage loans are bought and sold by investors. Wholesale mortgage lenders sell their products through mortgage companies and brokers; your mortgage company or broker is a retail vendor looking for their cut of your money.

How do retail mortgage companies and mortgage brokers make their money?

Mortgage retailers make their money by marking up your mortgage interest rate. Sure they get your origination points for arranging your loan; however, most take this fee for granted and look to line their pockets at your expense. Are mortgage companies and brokers scoundrels that would sooner steal your parent’s Social Security checks than help them? Not all are, but most care about nothing more than making a six figure salary at your expense.

How do mortgage companies and brokers mark up your mortgage interest rate?

When you apply for a mortgage loan the wholesale lender your mortgage company or broker represents qualifies you for a specific interest rate and guarantees this mortgage rate in writing to your loan representative. Your mortgage company knows the interest rate you were qualified but marks this rate up because the wholesale lender pays them a bonus for every .25% more you agree to pay. If you qualify for mortgage refinancing at 6.0% but agree to pay 6.75%, that mortgage company receives 3% of your loan amount on top of the origination fees you’re probably already overpaying.

Mortgage Refinancing

o know; Mortgage Refinancing Information that will save you thousands of dollars on your next mortgage loan.

Mortgage Refinancing Information: What Is Yield Spread Premium?

Yield Spread Premium is the retail markup of your mortgage interest rate. Like any other product available to consumers today, there is a retail mortgage market where you and I take out mortgage loans, and a secondary market where mortgage loans are bought and sold by investors. Wholesale mortgage lenders sell their products through mortgage companies and brokers; your mortgage company or broker is a retail vendor looking for their cut of your money.

How do retail mortgage companies and mortgage brokers make their money?

Mortgage retailers make their money by marking up your mortgage interest rate. Sure they get your origination points for arranging your loan; however, most take this fee for granted and look to line their pockets at your expense. Are mortgage companies and brokers scoundrels that would sooner steal your parent’s Social Security checks than help them? Not all are, but most care about nothing more than making a six figure salary at your expense.

How do mortgage companies and brokers mark up your mortgage interest rate?

When you apply for a mortgage loan the wholesale lender your mortgage company or broker represents qualifies you for a specific interest rate and guarantees this mortgage rate in writing to your loan representative. Your mortgage company knows the interest rate you were qualified but marks this rate up because the wholesale lender pays them a bonus for every .25% more you agree to pay. If you qualify for mortgage refinancing at 6.0% but agree to pay 6.75%, that mortgage company receives 3% of your loan amount on top of the origination fees you’re probably already overpaying.

Mortgage Refinancin

s. Wholesale mortgage lenders sell their products through mortgage companies and brokers; your mortgage company or broker is a retail vendor looking for their cut of your money.

How do retail mortgage companies and mortgage brokers make their money?

Mortgage retailers make their money by marking up your mortgage interest rate. Sure they get your origination points for arranging your loan; however, most take this fee for granted and look to line their pockets at your expense. Are mortgage companies and brokers scoundrels that would sooner steal your parent’s Social Security checks than help them? Not all are, but most care about nothing more than making a six figure salary at your expense.

How do mortgage companies and brokers mark up your mortgage interest rate?

When you apply for a mortgage loan the wholesale lender your mortgage company or broker represents qualifies you for a specific interest rate and guarantees this mortgage rate in writing to your loan representative. Your mortgage company knows the interest rate you were qualified but marks this rate up because the wholesale lender pays them a bonus for every .25% more you agree to pay. If you qualify for mortgage refinancing at 6.0% but agree to pay 6.75%, that mortgage company receives 3% of your loan amount on top of the origination fees you’re probably already overpaying.

Mortgage Refinancin

ockets at your expense. Are mortgage companies and brokers scoundrels that would sooner steal your parent’s Social Security checks than help them? Not all are, but most care about nothing more than making a six figure salary at your expense.

How do mortgage companies and brokers mark up your mortgage interest rate?

When you apply for a mortgage loan the wholesale lender your mortgage company or broker represents qualifies you for a specific interest rate and guarantees this mortgage rate in writing to your loan representative. Your mortgage company knows the interest rate you were qualified but marks this rate up because the wholesale lender pays them a bonus for every .25% more you agree to pay. If you qualify for mortgage refinancing at 6.0% but agree to pay 6.75%, that mortgage company receives 3% of your loan amount on top of the origination fees you’re probably already overpaying.

Mortgage Refinancin

te and guarantees this mortgage rate in writing to your loan representative. Your mortgage company knows the interest rate you were qualified but marks this rate up because the wholesale lender pays them a bonus for every .25% more you agree to pay. If you qualify for mortgage refinancing at 6.0% but agree to pay 6.75%, that mortgage company receives 3% of your loan amount on top of the origination fees you’re probably already overpaying.

Mortgage Refinancing Information: You can avoid paying Yield Spread Premium!

Homeowners who learn to recognize this fleecing of their mortgage interest rates can avoid paying thousands of dollars in unnecessary finance charges. You can learn how to spot retail markup of your mortgage internet rate, how to negotiate your way out of paying Yield Spread Premium, and other costly mortgage refinancing mistakes to avoid with a free, six-part, Mortgage Refinancing Information video tutorial.