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Mortgage Professor about yield spread premium: 
Commitment of an Upfront Mortgage Broker (UMB)
July 26, 2000, Revised July 16, 2004, Revised November 10, 2004 1.     The broker will be the customer's representative or agent, and will endeavor to act in the best interests of the customer. 2.     ... more...

Why Are "No-Cost" Mortgages Not?
March 20, 2000 "I was told that a certain mortgage lender offering loans on the Internet provided grants to first-time home buyers. The grants cover all settlement costs. Is this for real?" No. I went to the web site you mentioned, and found a mortgage broker ... more...

yield spread premium related definitions

MIP, Mortgage Insurance Premium
MIP, Mortgage Insurance Premium It is insurance from FHA to the lender against incurring a loss on account of the borrower's default. Paid if FHA loan LTV is higher than 80%. Also known as FHA Mortgage Insurance. By insuring the loan the Federal Government agrees to repay ... more...

FHA Mortgage Insurance
FHA Mortgage Insurance It is insurance from FHA to the lender against incurring a loss on account of the borrower's default. Paid if FHA loan LTV is higher than 80%. Also known as MIP - Mortage Insurance Premium. By insuring the loan the Federal Government agrees to repay ... more...

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Get Free yield spread premium Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Give Yourself Credit
The Beginning of the Credit Card EraIn 1951, Diners Club issued the first credit card to 200 customers who could use it at 27 restaurants in New York City. From that modest beginning, credit cards have become an indispensable part of modern life. Consumers rely on credit cards to help them achieve ... more...

Condo Conversions
The past few years has seen a boom in condo conversions, which allows buyers to generate cash-on-cash returns within a short period of time. This, in turn, allows prior apartment owners to cash out at the top of the market.The condo conversion craze began with the low interest rate affliction that ... more...

10 Tips for Franchise Buyers
For individuals looking for a highly lucrative income stream, owning a franchise can be the perfect jumpstart. Unlike creating a business from scratch, a franchise involves no guesswork, but rather, comes complete with instructions from A-Z so new owners do not have to reinvent the wheel. ... more...

Is A Cheap Life Insurance Policy Right For You And Your Family?
When it comes to life insurance over 70% of the adults in the United States have some form. The normal routine consists of a person in their early twenties or even late thirties purchasing some form of life insurance either through their company plan or on their own. Normally this life insurance ... more...

What is Home Insurance?
Home Insurance is designed to provide you with financial protection against any damage and possible risks that your property and possessions within it may face against unforeseen events and circumstances.Home insurance is commonly taken to describe both buildings insurance, which insures the fabric ... more...

Real Estate Finance Strategy that Few People Consider
If you are considering a new home loan anytime soon, and you do not want to get an adjustable rate mortgage (remember, ARMs are very strong loans), you should consider a 2/1 buydown.This is a great mortgage program for people who require a smaller payment now, knowing that they will have more money ... more...

Buy to Let Mortgages - Boom Time Returns
After last years crisis of confidence the buy-to-let market is again booming. Earlier worries that interest rates were on the up and property values would crash are firmly behind us. So, fuelled by rising rental yields confidence, landlords have been snapping up new properties and remortgaging for ... more...

What Your Auto Insurer Knows About You
In order to give you an accurate rate an insurance company needs to gather certain information about you. Getting accurate and thorough information means receiving a correct quote. No one minds if the price goes down because information changes but if the price increases then people tend to get ... more...

Why Buy Life Insurance?
Love. Yes, thats right. Love for your spouse, children, family, or even your school. This insurance provides financial protection for your family and friends when you die. There are basically two types of life insurance Term and Permanent.Term life insurance provides insurance for a specific ... more...

Real Estate Investors - Red Alert
How's the real estate marketing doing? Is the huge jump in home prices that is evident in some areas symptoms of a value bubble? Good questions, yes?Two things to keep in mind when surveying the market:1. All real estate is local, 2. Real estate is cyclical.Here in Arizona some residential ... more...

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