What is SRP and why should you avoid banks altogether for your next mortgage loan? The answer will surprise you. You can learn more about your mortgage options, including costly mistakes to avoid by registering for a free mortgage refinancing video tutorial. 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. If you are in the process of refinancing your mortgage loan you might be considering a bank loan to get the job done. 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. But you need not be an expert at real estate laws. You can learn more about refinancing your mortgage while avoiding costly mistakes with a free mortgage tutorial. The only way to spot this markup that your bank includes in their rate sheets is to find out what the going wholesale mortgage rates are. Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. To get your FREE Mortgage Refinancing Video Toolkit, visit RefiAdvisor.com using the link below. 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. Banks make the majority of their profits selling mortgage loans to investors on the secondary market; mortgages with above market interest rates give them a premium profit. Banks earn a premium on the secondary market by charging Service Release Premium, and here’s how it works. Once you close on the mortgage the bank will turn around and sell your loan to secondary mortgage market collecting their profit. Thanks to the Banking Lobby the law was changed to exclude banks from this requirement. To get your hands on this free video tutorial: "Mortgage Refinance - What You Need to Know," which teaches strategies for finding the best mortgage and saving thousands of dollars in the process, visit Refiadvisor.com. When a bank seizes a property, it sends out a notice to the owner. To get your FREE Mortgage Refinancing DVD, visit RefiAdvisor.com using the link below. Foreclosures provides detailed information on Foreclosures, Bank Foreclosures, Foreclosure Listings, Foreclosure Homes and more. If you want to try your hand at this business, visit your local bank and have someone explain to you how buying a foreclosed property works. Another problem with banks is that your banker will be much less likely to negotiate for terms and interest rates because of the loophole. Here are several things to consider before refinancing your mortgage with a bank. It will be assigned a value and will be listed in a publicly-available foreclosures list. You may need to know about deed of trust foreclosure, power of sale or judicial foreclosure. For a free copy of "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. When the mortgage rate is marked up by a bank the markup is called Service Release Premium. Banks fund their loans with their own money before selling the mortgage on the secondary market. Your bank is not legally required to disclose anything beyond the Annual Percentage Rate of your mortgage.