100 financing mortgage calculator

100 financing mortgage calculator
mortgages at wholesale prices, is it possible?

The answer is an unequivocal yes. Just like any other product on the market, mortgage rates can be either retail or wholesale, depending on how experienced and well trained you are as a consumer. Before you start shopping for a mortgage, make sure you learn how a mortgage is determined, and what are the costs associated with the introduction of the lowest rate. Most mortgages are sold at retail, how many products such as furniture, appliances, electronics and so on? If you accept, interest rates, refinancing or purchasing if you are overpaying by thousands of dollars in advance and many thousands of dollars each month for the duration of the loan. You need to understand the difference between retail and wholesale prices.

Mortgage rates at wholesale level Vs Retail:

What is the difference between a wholesale mortgage rate vs. retail? Most borrowers are completely naive and do not know that lenders and mortgage brokers mark their interest rate for the Commission, this markup is called "yield spread fee or back-end" within the industry. If your sentence was a yield-spread and without your knowledge, then you have a commercial interest rate. So, if you are running ads on TV, radio and paper advertising 0 points or 0 cost loans, then you can be sure that the sentence in connection with this loan is a high return Spread attached to it. So basically, you will always be a very expensive retail loans. lenders and mortgage brokers mark of interest, because the wholesale lender pays them a bonus for the collection better than the market mortgage rates, this is the bonus yield spread premium.

Example of a Yield Spread Premium, if it is a mortgage loan:

Let us assume you want to refinance your house. Your balance is $ 200,000. Your local lender or mortgage broker tells you that for a 6.5% interest and charges you 1% for the emergence of any fees or sometimes known as points. What most people are not aware that the broker, however, 05% from the wholesale lender in the form of a "Yield Spread Premium". In another words, the real wholesale 0 Cost for the loan or "Par Price" would be 6%. The result is that your broker pockets $ 2,000 from the yield spread premium, together with the costs in advance of 1%, the other 2,000 and insert the retail mortgage interest payment for the termination of the loan. This is my opinion, a complete fraud and should not be tolerated. How do you protect yourself and make sure that you are wholesale rates every time you apply for a loan?

Get in the wholesale mortgage loan:

The best way to overpaying or yield spread premium paid:

• Make sure you tell your mortgage broker that you "" Par Price ", which basically says that you know the game and will not allow back-end fees.
• Check the "Good Faith Estimate," the breakdown of the cost of the loan, all brokers must respond within 3 days after application, which is a federal law. You must indicate the spirit in small print the amount of return spread premium, if any is charged. Make sure it states 0
• The most important, make sure that business with a minimum of 3-4 brokers and the best available "Par Price" from everyone. You can do this easily from your trainer at home, by clicking on our website and you have 4 offers from various mortgage brokers are all fighting for your business.

Happy hunting and good luck on your next purchase or refinance endeavor.

For more information about where they have to mortgage brokers come to you and for your business to go http://www.RealEstateInvestorsLife.com