Mortgage rates, an in-depth look, an in-depth exploration
Bad mortgages frequently come with fees of 5% or more. * Yield spread premiums. This is a well disguised piece of financial jargon for a kickback to the broker for convincing you to accept a much higher interest rate than you are entitled to. Legitimate home mortgages never have yield spread premiums. If you see one on a home mortgage you are offered, not only does it mean the mortgage is bad, it also means you could get a much better interest rate elsewhere.