Bank originated mortgage loans have the same markup as retail mortgage loans with one distinction. Banks are different from traditional mortgage originators because they close on loans in their own name. The Real Estate Settlement Procedures Act or RESPA for short protects homeowners from predatory lending practices by requiring mortgage lenders to disclose their fees and broker markup of your mortgage interest rate. Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. This is the retail markup of your mortgage interest rate when you borrow from a wholesale lender. Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. The bottom line is that your bank will not be less expensive than other options; your bank will always overcharge you for the mortgage loan. This notice of foreclosure warns or informs the owner that his house or business property will be put up for a public auction at the end of ninety days, after which, the property will become real-estate owned. Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. Your Bank may seem like a convenient way of refinancing your mortgage loan; however, Banks have secret when it comes to disclosing information about their fees and markup. Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. Most bank employees have never heard of Service Release Premium and have very little knowledge about the mortgage industry as a whole. Another problem with banks is that your banker will be much less likely to negotiate for terms and interest rates because of the loophole. Banks inflate their mortgage rates with Service Release Premium to boost their profits at your expense. If you are in the process of refinancing your home mortgage and are considering your bank, there are several things you need to know before making an expensive mistake. Bank mortgage rate sheets also have Service Release Premium built into their interest rates. Your bank knows what mortgage rates their competitors in the wholesale market are closing loans at; however, they are counting on the fact that most homeowners don't understand mortgage rates to overcharge their customers. If you speak to a bank employee about mortgage rates the employees will all swear the interest rates are not marked up and will even show you the rate sheets. Claim your free mortgage refinance information guide today at: Here are several reasons you should avoid Banks altogether when mortgage refinancing. The lobby spent millions of dollars romancing Congress to give banks an unfair advantage over their customers. Your bank doesn’t do this collecting the interest from payment you send in every month; banks make the majority of their profits selling loans on the secondary market. To get your hands on this free video tutorial: "Mortgage Refinancing - What You Need to Know," which teaches strategies to find the best mortgage and save thousands of dollars in the process, visit Refiadvisor.com. What is SRP and why should you avoid banks altogether for your next mortgage loan? The answer will surprise you. The ugly truth about banks comes from the fact that they are exempt from the Real Estate Settlement Procedures Act (RESPA); legislation that protects homeowners from abusive lending practices by requiring mortgage lenders to disclose all fees and markup associated with their loans. The bottom line is that your bank will not be less expensive than other options; your bank will always overcharge you for the mortgage loan. Because your Bank is exempt from the Real Estate Settlement Procedures Act that requires mortgage lenders to disclose this markup, the only ones that know how much they are overcharging you is the Bank. Millions of dollars changed hands and when RESPA became law, your bank was exempt.