Question About Mortgage Fees

Credit and mortgage advice Forums Home Mortgage Question About Mortgage Fees

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 8 years, 2 months ago.



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    Anonymous

    Are yield spread premiums and service release premiums the same thing ?

    One of the fees is from a banker and the other is from a broker.

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    Which one costs the borrower more out of pocket ?

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    Another question I have is;* If mortgage bankers/ lenders* intend to sell your loan on the secondary market,

    does it have to be disclosed to the borrower ?

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    Are mortgage loans sold on the secondary market at a premium ?*

    If so, is this the reason almost no one “keeps” the loans anymore ?

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    Why aren’t consumers told about these tactics.

    Could it be the reason that some brokers are willing to work extremely hard to see that you get your loan ?

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    Anyone know how to get lenders to disclose their complete compensation on the deal ?

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    Thanks for any replies



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