The Borrower's Prayer - 07/29/08 11:12 PM
Our lender, whom which we owe.
Oh, how much we owe!
The bills will come,
The monies all gone, this mortgage we should not have had.
Forget this debt, as we forgot our payments,
Do not deliver us to the courts
Or send us into foreclosure.
We would sell, but the market is just not there.
For in the future, we will use Knightlines. This mortgage we would not have ’cause they do care.
Amen.
Do not let this be you saying this prayer because... read more
… (2 comments)

Yield Spread Premium - The Hidden Fee - 07/22/08 08:25 PM
Just because you live in Eustis, Mount Dora, or Tavares, you are not immune to this mortgage financing fee that mortgage brokers and correspondent lenders almost always charge.
Yield Spread Premium (often referred to as YSP) is quite simply the opposite of buying down an interest rate. For example, if you want to buy down your interest, you can pay the bank/lender a point (1% of the loan amount) or more. Each point you pay is not a direct reduction of your rate by a percent. It is often 1 point buy down equals .25% reduction in interest rate. This differs … (5 comments)

 
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Jason Price

Eustis, FL

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Mortgage Financial Group, Inc

Address: 725 E. Alfred Street, Tavares, FL, 32778

Office Phone: (352) 308-7219

Cell Phone: (352) 308-7219

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