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Refinance Mortgage With Current Lender?
June 24, 1999 "I am planning to shop for the best deal on a refinance. Should I shop my present lender first?" No, shop your present lender last. Shop other lenders first, then challenge your lender to ... more... What Are Mortgage "Junk Fees"? August 3, 1998 "I have been warned to watch out for junk fees. What are they, and how much might they cost me?" Junk fees are upfront charges by the lender that are not included in "points". Junk fees are expressed in dollars whereas points are expressed as a percent of ... more... |
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loan originating related definitions |
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Origination Fee
Origination Fee Charge by a lender or broker connected with originating a loan; charged to prepare loan documents, make credit checks, inspect and sometimes appraise a property; usually computed as a percentage of the value of the loan. Loan origination fee usually ... more... Loan Origination Fees Loan Origination Fees Charge by a lender or broker connected with originating a loan. Different from discount points which are used to buy down the rate of interest. A point is simply one percent of the total loan amount. Loan origination fee usually varies from 0.5% to 2% ... more... |
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