Multiple Choice
The Yield Spread Premium (YSP) is:
A) The difference between the lowest mortgage rate the borrower qualifies for and the rate the mortgage broker is able to obtain.
B) The difference between the interest rate and the APR.
C) The total amount for closing given in the GFE vs. the actual closing costs.
D) The discount rate for FHA loans.
Correct Answer:
Verified
Correct Answer:
Verified
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