Glossary and Acronyms "Y"


The value of interest or dividend payments from an investment. The yield is usually stated as a percentage of the investment price.

Year-end statement

The report shows how much was paid in interest during the year, as well as the remaining mortgage loan balance at the end of the year. If the bank has an impound account for you, it will also show how much was paid and reserved in property taxes. If the bank does not have a property tax impound account, then tax details are not displayed on the report.



(Yield spread premium) paid to the broken for giving a borrower a higher interest rate on a loan in exchange for a lower up-front costs generally paid in organization fees, broker fees or discount points


Apply Online       Check Loan Status      Upload Documents    Call Us: (214)699-4790

Back to Consumer Mortgage FAQ's