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  • Digg it UP - Mortgage Refinancing - How to Qualify for the Perfect Interest Rate

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    eady paying origination fees to your mortgage company or broker; Yield Spread Premium effectively doubles, even triples what you pay when mortgage refinancing.

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    If you are in the process of refinancing your home mortgage, the interest rate you receive is an important consideration when choosing a lender. What you might not already know is the interest rate you’ve been quoted is not the mortgage rate you qualified. Here are several tips to help you secure the mortgage rate you deserve and save thousands of dollars when mortgage refinancing.

    Mortgage loans are retail products like any other purchase you make. There is wholesale lender that approves you for a specific mortgage rate, and the retail Mortgage Company that marks this rate up for their commission. The problem with this markup is that you are already paying origination fees to your mortgage company or broker; Yield Spread Premium effectively doubles, even triples what you pay when mortgage refinancing.

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    lready know is the interest rate you’ve been quoted is not the mortgage rate you qualified. Here are several tips to help you secure the mortgage rate you deserve and save thousands of dollars when mortgage refinancing.

    Mortgage loans are retail products like any other purchase you make. There is wholesale lender that approves you for a specific mortgage rate, and the retail Mortgage Company that marks this rate up for their commission. The problem with this markup is that you are already paying origination fees to your mortgage company or broker; Yield Spread Premium effectively doubles, even triples what you pay when mortgage refinancing.

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    d save thousands of dollars when mortgage refinancing.

    Mortgage loans are retail products like any other purchase you make. There is wholesale lender that approves you for a specific mortgage rate, and the retail Mortgage Company that marks this rate up for their commission. The problem with this markup is that you are already paying origination fees to your mortgage company or broker; Yield Spread Premium effectively doubles, even triples what you pay when mortgage refinancing.

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    oves you for a specific mortgage rate, and the retail Mortgage Company that marks this rate up for their commission. The problem with this markup is that you are already paying origination fees to your mortgage company or broker; Yield Spread Premium effectively doubles, even triples what you pay when mortgage refinancing.

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    eady paying origination fees to your mortgage company or broker; Yield Spread Premium effectively doubles, even triples what you pay when mortgage refinancing.

    The legality of Yield Spread Premium is currently being debated in Congress; however, many mortgage companies conceal the markup or do not disclose it at all. While disclosure is required under the law many homeowners do not understand or pay attention to what they’re agreeing to when mortgage refinancing. The good news is that you can avoid paying Yield Spread Premium. Homeowners who learn to recognize this unnecessary markup can avoid paying it when mortgage refinancing.

    How do you get the mortgage rate you deserve? Insist on working with a mortgage company or broker that will not charge you Yield Spread Premium. Tell them that you understand h

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