Origination fee & Discount points

July 17, 2008 by · Leave a Comment 

Before obtaining good mortgage rates a borrower must understand what actually is included in a ‘mortgage interest rate’. There are many factors that affect all mortgage rates in every mortgage transaction. Discount points, origination fees, Yield Spread Premium, and 3rd party fees are a few factors that can change your interest rate. This information will [...]

Tagged: broker, discount points, down payment, mortgage, origination fees, purchase price, yield spread premium, ysp

Mortgage Glossary

July 17, 2008 by · Leave a Comment 

Acceleration clause: a provision that allows the lender to demand full repayment of the total remaining loan balance in the event that a borrower any clauses in the mortgage note. Amenity: home or property features that is beneficial to the buyer. Maybe natural or artificial items such as forest, waterfront, and location or orchard, garden, [...]

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