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May 30, 2005
The Home Loan Shell Game
It's good to know the mechanics of mortgages so you understand who is getting paid what when you take a loan.
If you think you will ever get another home loan, you need to know this. Loan officers and mortgage brokers know something you may not. They know about Par and Rebate (aka Yield Spread Premium). These are tools of profit for them and a way to take more of your money without you ever knowing about it.
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Posted on May 30, 2005 09:30 AM by Mortga104.
Filed in Mortgage Calculator under mortgage brokers.
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