Jake, a hardworking father of three, had finally saved enough to buy his dream home. But soon after moving in, he noticed his mortgage payments were higher than what he had initially agreed to. As he combed through his loan agreement, he came across a term that baffled him - Yield Spread Premium...
Yield Spread Premium Abuse
6 Ways Your Lender May Be Deceptively Increasing Your Mortgage
Are you aware of deceptive mortgage practices that can significantly hike your costs over time? Here are six ways your lender may be playing the system and what you can do about it: Yield Spread Premium (YSP) Abuse Force-Placed Insurance Unnecessary Escrow Cushions Hidden Fees and Penalties...