Todd Carpenter over at Loan Bark was kind enough to link to me recently, and as a result I happened across his really interesting article about the Yield Spread Premium. Todd’s got a good slant on the whole thing, that as a consumer you might want to focus on what you’re paying — i.e., rate, APR, and closing costs — not on how much the lender is making.

My own preference as a Realtor® when I refer a client to a lender is to find someone who is both very competitive on rates and has an excellent track record on closing loans. I’ve been using Linda Spafford at Stanford Loans a lot lately, the lender Vicki and I often used when we were the Real Estate Plus Team.

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