Orange County Real Estate | Buy | Sell | Lease | SFR and Condo's

Until recently, borrowers could obtain loans with no points and in some circumstances could avoid paying closing costs too (Escrow, Title, Appraisal, etc). This was possible because lenders would allow borrowers to accept a slightly higher interest rate and in return would pay the loan originator a fee called a Yield Spread Premium that the originator could use to pay the borrowers closing costs.…
© 2010 Created by Casey Elliott on Ning. Create a Ning Network!