Buy Before You Sell. Too Risky Right? Wrong!
Common Home Owner Myth: I cant buy a new house without first selling my old one.
That is the way it is supposed work right? You cant have a new house without getting rid of the old one.
Not so.
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Tagged With: mortgage bank, Mortgage Broker, yield spread premium
Buy Before You Sell. Too Risky Right? Wrong!
Common Home Owner Myth: I cant buy a new house without first selling my old one.
That is the way it is supposed work right? You cant have a new house without getting rid of the old one.
Not so.
Tagged With: mortgage bank, Mortgage Broker, yield spread premium
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…you know, Countrywide, Wells Fargo, or Bank of America.