Yield Spread Premium
Do you think that the Yield Spread Premium (a commission paid directly by the lender to your representative) is ok with you since you, or do you think that the loan would have cost less if the YSP was not included. Which do you prefer, working with a loan officer that receives bonuses, or receiving a cheaper loan. I personally could care less about some random person’s bonus so I refuse to get a loan in a place that has YSP as part of the loan cost. It is just another fee and more money out of my pocket!
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