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Or if you received the YSP amount verbally and you were not given your GFE at the time of your application or within 3 business days, Monday through Saturday excluding legal holidays, then perhaps the mortgage brokerage is still using the outdated GFE forms. The new Good Faith Estimate forms came out January, 2010.

I hope these suggestions along with Kate's information on yield spread premiums are helpful to you. Best of luck in your purchase!

Valerie Robinson 800-816-1046
U.S.Goldust International
1020 Stratford Drive East, Bourbonnais, Illinois 60914

Valerie Robinson can also be found in our List of Mortgage Companies.

Yield Spread Premiums

Dear Valerie, I'm so happy to hear from you again. Thanks for the insight into disclosure of yield spread premiums and the new good faith estimates which came out January, 2010.

Best Wishes,



PS Have you seen Sabrina's question about yield spread premiums?

PPS For more answers regarding Yield Spread Premiums, write me at Ask Kate where every question is a good question.


Finding The Help You Need For Locking Rates

My Interest Rate Lock Guarantee - Help for timing your rate lock.

The best solution to avoiding hidden fees is to ask the right questions before you lock mortgage rates.

All about getting mortgage broker fees in writing - Otherwise your rate lock is meaningless!

How good is a mortgage interest rate lock guarantee? In the end, you have to read your lender's paperwork.

Because Yield Spread Premium is a common reason for losing your rate lock, here is the insider scoop on this odd sounding term.

Questions to Ask BEFORE You Lock

Ask Kate about locking - Ask a question and get an answer from Kate.

Search Readers' questions and Kate's answers at Ask Kate Mortgage Rate Lock Center I

More questions and answers on locking mortgage rates at Ask Kate Mortage Rate Lock Center II

Home from Yield Spread Premiums to The information you obtain at this site is not, nor is it intended to be, a substitute for financial, real estate or legal advice. You should consult an attorney, accountant, lender or real estate agent, as applicable, for advice regarding your individual situation. Comments and opinions found here are not necessarily those of Get-Your-Best-Mortgage-Rate.com

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HARP and HAMP Loan Modification Answers by Kate - Unique help for modifying your mortgage, HARP refinancing, and using the Making Home Affordable Program.

Lock Answers by Kate - Learn the nitty gritty inside story of locking your mortgage rate.

Ask Kate About Locking Mortgage Rates - The dilemma of locking mortgage rates continues with the most recent letters. Rate locks continued.

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