http://truthfullending.com/what-is-ysp/ Mortgage, Equity And Refinance Help From An Industry Insider Sun, 07 Mar 2010 19:13:56 -0700 http://wordpress.org/?v=2.8.6 hourly 1 http://truthfullending.com/what-is-ysp/comment-page-1/#comment-1393 Olen Fri, 08 May 2009 21:32:24 +0000 http://truthfullending.com/what-is-ysp/#comment-1393 How in hell can people be bitching about the 1-3% yield spread, that raises an interest rate by about half that much...when sellers routinely add their 6-7% real estate commission ON TOP of the sale price rather than paying it as an expense from the proceeds they get to pocket? No matter how you look at it, the buyer's mortgage or down payment costs are increased by the amount of that commission because there is enough flexibility in the appraised value to add the commission to the price. If you insist on calling mortgage lenders and brokers "whores", than at least acknowledge that home sellers and real estate brokers are "pimps"! How in hell can people be bitching about the 1-3% yield spread, that raises an interest rate by about half that much…when sellers routinely add their 6-7% real estate commission ON TOP of the sale price rather than paying it as an expense from the proceeds they get to pocket? No matter how you look at it, the buyer’s mortgage or down payment costs are increased by the amount of that commission because there is enough flexibility in the appraised value to add the commission to the price. If you insist on calling mortgage lenders and brokers “whores”, than at least acknowledge that home sellers and real estate brokers are “pimps”!

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