Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about broker comission: | |||||||||||||||||||||||
Questions About Mortgage Brokers and Lenders
June 24, 2002 I get tons of mail from borrowers who are confused about the differences between lenders and mortgage brokers, and how these differences matter. "What is a mortgage broker?" A mortgage broker is a loan provider who offers the loan products of different ... more... HUD and Yield Spread Premiums October 3, 2001 The recent decision of the US 11th Circuit Court of Appeals in the case of Culpepper vs Irwin has suddenly swung the spotlight on HUD policy regarding yield spread premiums (YSPs) retained by mortgage brokers. To this date, HUD has been impotent in dealing ... more... |
|||||||||||||||||||||||
broker comission related definitions |
|||||||||||||||||||||||
discount Point
Discount Point Fees paid to lenders. 1 point = 1% of the loan amount. On a $100,000 loan 1 point is $1000. Points may be further classified into origination points or discount points. In laymen terms, a point is a fee you pay to a lender or broker. Each point is one percent of ... more... Back End Pionts vs Front End Points Back End Points vs. Front End Points A point is a type of mortgage slang for a percentage point. The technical term for point is loan origination fee. In laymen terms, a point is a fee you pay to a lender or broker ... more... |
|||||||||||||||||||||||
More about broker comission How Much Margin You Need In Forex Trading? Key Terms to Know When Buying a Home Mortgage Lenders for Dummies Choosing a Mortgage Lender A Guide to Finding a Debt Consolidation Lender! Factors That Affect Your Mortgage Rate Boat Loans Steering Way Towards a Bon Voyage The Fuel That Drives The Ultimate Lifestyle 11 Different Ways to Participate in The New Millennium Real State Boom What Exactly is a Mortgage Broker and How Can He/She Help You Save Thousands on Your Mortgage?
|
|
||||||||||||||||||||||
|