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num1originator
5 Posts |
 Posted - 11/02/2009 : 1:36:48 PM
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What is the most you can charge in YSP? My workers says there is a limit but no one knows what that limit is????
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moneyone
680 Posts |
Posted - 11/05/2009 : 1:47:07 PM
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Limit is based on the lender. Some say 4 and some are 2, it just depends. The rate sheet will reveal the truth.
Now if your talking about front charges, then there's a whole crap load of drama on that. Some lenders say 1% max everything. Some say $995 max broker fee. It just depends on that too.
But to answer your real question.....YES, we are becoming a communist country and we WILL be told how much income we shall make.
Peace Out! |
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KLandis
5349 Posts |
Posted - 11/17/2009 : 12:52:24 PM
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| Each lender rate sheet will list their cap. It varies by lender. Some have no caps, others like Wells Fargo have a 3% YSP cap. |
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