100 self certified mortgage

100 self certified mortgage
yield spread premium is a little known aspect of your mortgage that results in paying thousands of dollars in unnecessary mortgage interest. If your loan originator was marking your mortgage rate to make a profit, would not you want to know about here are some tips to help you avoid these little-known markup of your mortgage interest rate.

Mortgage loans are retail products like anything else you buy. It is a market and a retail market where consumers buy mortgage loans. Just like any other trade, the amount you pay depends on where you and you know. Many homeowners think about what they pay is based on their credit, but while your credit card plays a role, the amount you pay for your mortgage depends largely on how much the Commission receives your loan representative for your loan.

If your application has been approved mortgage qualifies you for a fixed mortgage rate. This is a wholesale mortgage rate, your mortgage broker or brands of this rate because the lender pays them a bonus for overcharging you. For each 25% you agree to pay more than you are qualified, the mortgage will receive a bonus of 1% of the loan amount. Since you already paying these fees for the emergence of the enterprise, usually 1.5% or more, the agreement to pay yield spread premium is like paying double for your mortgage.

Not only that the mortgage company paid twice, but you stuck paying a higher mortgage rate can be up to several thousand dollars per year. The good news is that you avoid yield spread premium. To learn these and other costly mistakes to avoid with your mortgage, register for a free mortgage tutorial.

To get your free six sub mortgage refinancing tutorial, visit RefiAdvisor.com with the link below.

Louie Latour specializes in homeowners how to avoid costly mortgage mistakes and predatory lenders. To your hands on this free video tutorial: "Mortgage Refinancing - What You Need To Know," "teaches strategies for finding the best mortgage and save thousands of dollars in the process, visit Refiadvisor.com.