Excessive Interest Rates

The Center for Responsible Lending estimates that excessive interest rates cost families $2.9 billion each year.  CRL states:  "When a borrower loses a home to foreclosure, society pays the price in the drop in surrounding property values and lost tax revenues."

Perhaps this is one of the reasons for the lack of funding in our school systems...

http://www.wthr.com/story/12029420/growing-school-districts-suing-over-funding

Scott Veerkamp: Inflated Interest Rates

Have you ever known anyone that deliberately searches for a higher
interest rate when they want to borrow money? This is what Scott was
doing with Yield Spread Premium. He was helping his clients search
for a higher interest rate.