.: Mortgage Bank Top Related Articles
1). You CAN Buy Your New Home Before You Sell Your Old One
Buy Before You Sell. Too Risky Right? Wrong!
Common Home Owner Myth: I can’t buy a “new” house without first selling my “old” one.
That is the way it is supposed work…right? You can’t have a new house without getting rid of the “old” one.
Not so.
Take for example, the story of one of our clients. They had a house (beautiful house, worth about $600,000) and had no intention of leaving.
Article tags: mortgage bank, mortgage broker, yield spread premium
2). How To Read A Wholesale Lender Rate Sheet and Beat Mortgage Banks & Brokers At Their Own Game!
Mortgage Banks and Brokers everyday are closing home buyers and refinancers at a higher rate than they deserve! This artificial upping of the rate and the revenue created by doing so are hidden from the customer. This hidden ripping-off of the mortgage consumer is called Yield Spread Premium overchaging if the loan is originated by a broker and Service Release Premium overcharging if the loan is originated by a mortgage bank.
Article tags: mortgage bank, mortgage broker, yield spread premium