What is the YSP in a loan?

Answer When speaking of YSP in regards to a home loan, it means yield spread premium. With a YSP you have no closing costs or points and it gives first time home buyers a chance to get a home with little ... Read More »

Top Q&A For: What is the YSP in a loan

Which loan is better: an auto loan or a signature loan?

On One Hand: Auto LoansWhen you are purchasing a car, you can use the car as collateral so that the loan becomes less risky for the lender, which means you get a lower interest rate. A lower intere... Read More »

What is the best student loan company to go with for the Stafford Loan?

well, i work for a debt collection agency and i can tell you that their are a lot of bankruptcies with chase...that would probably mean that it is bad.If you listen to the news any, you would know ... Read More »

What is a "loan forgiveness" option for a student loan Where would one find the details in writing?

Yes, it's true but there are a lot of hoops to jump through. The details can be found here :…Basically, you have to work in a public service job for 120 ... Read More »

What is the maximum loan amount on a VA loan?

VA loans are granted to American veterans or their spouses by the Department of Veterans Affairs. VA loans allow the buyer to purchase a home with zero dollars down up to the limit allowed in the c... Read More »