The yield spread premium is how the lender is getting paid and disclosed to you in the event you are using a Mortgage Broker rather than a Mortgage Banker or Bank. You do not pay this - it is paid by the Loan investor to the Mortgage Broker.
May 5th 2014Rates:
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it is fee that is paid to broker from the end lender and is not charged to you.
May 5th 2014It is typically what the lender pays a broker for placing your loan with them. It is now technically called lender compensation.
May 5th 2014It is NOT a cost you pay... It is how a lender compensates a broker for giving them the loan.
May 5th 2014