Mortgage Yield Spread Premiums & What You Should Know to Save Yourself Money
Posted on December 1, 2009
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A Yield Spread Premium (YSP) is a mortgage broker’s profit, which is paid by the lender in exchange for a higher interest rate. It is a way to avoid charging the borrower any out-of-pocket fees and lower up-front closing costs on the borrower’s loan, if they understand the contract. However, most of the time a yield spread premium…
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