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A yield spread premium (YSP) is the money or rebate paid to a mortgage broker for giving a borrower a higher interest rate on a loan in exchange for lower up front costs, generally paid in origination fees, broker fees or discount points.
The Federal Reserve has banned mortgage fees you probably weren't even aware of, but that were inflating your home-loan interest rate. On Monday, the Fed announced it was banning yield spread ...
For consumer loans, particularly home mortgages, an important yield spread is the difference between the interest rate actually paid by the borrower on a particular loan and the (lower) interest rate that the borrower's credit would allow that borrower to pay. For example, if a borrower's credit is good enough to qualify for a loan at 5% ...
A mortgage point could cost 1% of your mortgage amount, which means about $5,000 on a $500,000 home loan, with each point lowering your interest rate by about 0.25%, depending on your lender and loan.
YSP may refer to: Yemeni Socialist Party; Party of the Greens and the Left Future (YSP), a Turkish political party; Yield spread premium, a cash rebate paid by a lender to a mortgage broker if the broker sells a mortgage at an above-Par interest rate to a borrower; Yorkshire Sculpture Park, in Yorkshire, England
In my last post, I began to lay the groundwork for the argument as to why the mortgage (and real estate) markets need radical transparency to restore consumer and investor confidence. I described ...
Mortgage interest rates. The phrase alone is enough to make most of us want to hide under a pile of Zillow listings. But fear not! Decoding the mystery of when to buy a home doesn't require a ...
Mortgage payments typically consist of principal (the amount borrowed), interest, property taxes and homeowners insurance. They can also include mortgage insurance or a guarantee fee.
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