Understanding Audits Just the mere mention of an IRS “audit” strikes fear in the heart of most Americans; in fact, many would be short sale investors are so overwhelmed by the prospect they completely avoid the topic altogether. Unfortunately, what you don’t (want to) know can still hurt you when it comes to taxes; after… Read More
Understanding Mortgage Terms
December 16, 2009 By 2 Comments
Understanding YSP & Par Rates YSP or Yield Spread Premiums are perhaps one of the most misunderstood aspects to the average mortgage. Unfortunately, recent legislation designed to help consumers cut through the complex legal lingo only added to the confusion by differentiating between mortgage brokers versus banks and direct lenders when quoting YSP’s. According to… Read More
