fha mortgage: How to finance and refinance Everett real estate.
- 02/20/10 02:33 AM
Why Yield Spread Premiums can be a good thing for the consumer YSP (yield spread premium) or also called rebate is very useful tool in financing or refinancing Everett real estate. For example I just did a refinance using an FHA mortgage. I used the YSP to pay for my clients closing costs. I saved him a ton of money, and didn’t take a bunch of his equity to make the loan. I used the YSP to save my client money, lower his payment and save his equity. Some politicians want to eliminate the YSP because they don’t understand its (2 comments)