Just say the words yield spread premium to certain people and you will have pushed one of their hot buttons. These people believe the YSP, as it is called in the industry, is a giant rip off.

This article doesn?t delve into its moral, ethical or political facades. That is left for each individual borrower to decide. This article?s purpose is to explain YSP in pure mathematical terms to hopefully help borrowers ask their mortgage broker informed questions.
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