Updated almost 9 years ago on . Most recent reply
What is 12 BE on a rate sheet?
I got my MLO license this year and then went and also got a company license and then was recently approved by a wholesaler (yes, I am a masochist who likes being overwhelmed with information overload and figuring this all out). In the rate sheets, I see a column labeled "12 Day BE" or "21 Day BE" or "30 day BE" with numbers like
| -1.750% -2.625% -3.250% -4.125% |
What does this mean exactly? Is that the cost?