Member Benefits   [Printable Document]

The MortgageChoice Plan™ provides mortgage rates at the wholesale cost of money (par pricing) with NO Yield Spread Premium (YSP) markup. Members can save up to 1% in their mortgage rate and lower monthly payments with a loan priced "at par" - The reduction in interest rate is made possible because the yield spread premium (loan agent commission) is eliminated and rates are passed through to borrower at cost. Yield spread premium increases the interest rate a borrower pays and adds thousands of dollars to the cost of the loan. Mortgage professionals utilize "par pricing" when transacting their own loans and refer to them as "Family and Friends Loans". Now, these loans are available to MortgageChoice Plan members.

Mortgage Benefits Corporation guarantees its Members will be quoted par rates through its designated network lender. There is NO loan agent commission or yield spread premium (YSP) hidden with the rate. Lender fees are flat, pre-determined, and capped based on loan amount. Reduce mortgage rates and resulting monthly payments by locking a loan "at par" and paying pre-negotiated flat lender fees at closing. This puts Members in control and once and for all, eliminates the "rate game".