Mortgage News

The “No Closing Cost” and “Flat Fee” Mortgage Lies

Loan officers and mortgage companies don’t “waive” closing costs they “offset” them with yield spread premium. If you need a refresher on the biggest lie of all: Yield Spread Premium, click here.

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traps, tricks, Mortgage Lies, No Cost Mortgages, scams, Scams, Tricks, Traps, Yield Spread Premium

Original post by rkblake

This entry was posted on Saturday, June 16th, 2007 at 12:28 pm and is filed under No Cost Mortgages, scams, tricks, traps, Mortgage Lies, Yield Spread Premium, Scams, Tricks, Traps. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.