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Updated over 7 years ago,
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?