What Will It Cost to Get A Loan?

A lender friend of mine, Les Wible, has a website that explains some of the terms lenders use regarding the way they are compensated for getting buyers (or homeowners) a loan. We don't normally think of a loan as something we purchase, but that's what it is.

And whenever we buy something, there is, of course, a cost.

Lenders are compensated when borrowers get (or buy) a loan, and they should be since that's how they make their living. At his site, SuchALoan.com, you can learn about the yield-spread premium and other fees. I invite you to have a peek - it's very informative!