Yes, mortgage lenders in the US will pay rebates to borrowers. This is a potentially valuable option which, to my knowledge, is not offered anywhere else in the world. But having options means having to make choices, and this is a difficult one that borrowers often get wrong.
Rebates Defined: A rebate is a credit granted to a borrower by a lender that can be used to pay third party settlement charges and/or to fund the borrower’s escrow account. Rebates are the opposite of points, which are payments made by the borrower to the lender, and …read more