My New Blog

If the passed legislation does eliminate "yield spread premiums" (lender rebates) then the loans you now get for "No Points" will have points and the current "No Points/No Closing Costs (aka "No Point/No Fee") will have both Points and Closing Costs SO:  If you do the refinance or purchase loan NOW, not only will you get some of the lowest rates.  You will also save thousands in "Points" and "Closing Costs." 

If you were thinking of refinancing, taking cash out, converting an ARM (Adjustable Rate Mortgage) to a fixed rate ~ have I got a deal for you.

Seriously ... ahaha ~ no really ...