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  • Casual Articles - Never Refinance Your Mortgage Loan With a Bank

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    Let's face it, you're on a roll. After getting down to your attorney's office to sign the new Living Trust and then diligently tracking down your assets to fund the trust, you should be congratulated. You're one of the responsible ones - 70% of the people who die each year in the Unit
    you ever consider taking out a mortgage from a lender that doesn’t have to play by the rules?

    II. Banks Markup Up Their Mortgage Rates

    If you’ve been researching mortgage loan

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    If you are in the process of refinancing your mortgage loan you might be considering a bank loan to get the job done. While it’s true that bank mortgage loans are convenient, there are a number of compelling reasons for avoiding your bank all together. Here are tips to help you avoid paying too much when refinancing your mortgage loan.

    I. Banks Are Exempt From RESPA

    The Real Estate Settlement Procedures Act exists to protect homeowners from abusive lending practices by requiring lenders to disclose their fees and markup. Thanks to the Banking Lobby the law was changed to exclude banks from this requirement. The lobby spent millions of dollars romancing Congress to give banks an unfair advantage over their customers. Would you ever consider taking out a mortgage from a lender that doesn’t have to play by the rules?

    II. Banks Markup Up Their Mortgage Rates

    If you’ve been researching mortgage loans

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    number of compelling reasons for avoiding your bank all together. Here are tips to help you avoid paying too much when refinancing your mortgage loan.

    I. Banks Are Exempt From RESPA

    The Real Estate Settlement Procedures Act exists to protect homeowners from abusive lending practices by requiring lenders to disclose their fees and markup. Thanks to the Banking Lobby the law was changed to exclude banks from this requirement. The lobby spent millions of dollars romancing Congress to give banks an unfair advantage over their customers. Would you ever consider taking out a mortgage from a lender that doesn’t have to play by the rules?

    II. Banks Markup Up Their Mortgage Rates

    If you’ve been researching mortgage loan

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    PA

    The Real Estate Settlement Procedures Act exists to protect homeowners from abusive lending practices by requiring lenders to disclose their fees and markup. Thanks to the Banking Lobby the law was changed to exclude banks from this requirement. The lobby spent millions of dollars romancing Congress to give banks an unfair advantage over their customers. Would you ever consider taking out a mortgage from a lender that doesn’t have to play by the rules?

    II. Banks Markup Up Their Mortgage Rates

    If you’ve been researching mortgage loan

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    g Lobby the law was changed to exclude banks from this requirement. The lobby spent millions of dollars romancing Congress to give banks an unfair advantage over their customers. Would you ever consider taking out a mortgage from a lender that doesn’t have to play by the rules?

    II. Banks Markup Up Their Mortgage Rates

    If you’ve been researching mortgage loan

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    you ever consider taking out a mortgage from a lender that doesn’t have to play by the rules?

    II. Banks Markup Up Their Mortgage Rates

    If you’ve been researching mortgage loans online you may have heard of Yield Spread Premium. This is the retail markup of your mortgage interest rate when you borrow from a wholesale lender. Bank loans don’t have retail markup of this type; however, they mark up mortgage rates to above-market values to boost their profits. Banks make the majority of their profits selling mortgage loans to investors on the secondary market; mortgages with above market interest rates give them a premium profit. The markup of your mortgage rate for this reason is called Service Release Premium. Because your bank is exempt from the Real Estate Settlement Procedures Act they will never disclose or admit to this markup. Fortunately for you, there is a way to spot it.

    III. Bank Employees Wil

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