Mortgage Secret #4: Prepayment Penalties Can Often Be Minimized (and sometimes avoided).

As if the loan process wasn’t complicated enough already, there are various other fees, i A prepayment penalty is typically associated with a sub-prime and nonconforming loan. Sub-prime and [...]

Mortgage Secret #2: Your interest rate is often affected by what is called the “yield spread.”

If you really want to make some loan officers squirm, mention the words, “yield spread.” This is a term that even the most sophisticated mortgage buyers are unaware of, and where a mortgage buyer [...]