Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about inspection fee: | |||||||||||||||||||||||
Legal Thievery at the Closing Table
July 8, 2002 "I paid $2240 in lender fees when my loan closed, compared to the $880 I was quoted at the time my rate was locked. It was a total surprise that hit me at the closing table. With my house purchase at stake, there was nothing I could do. This is outrageous?why doesn?t ... more... Why Do Lenders Itemize Loan Charges? July 20, 1998 "Wouldn't taking out a mortgage be less of an ordeal if lenders, instead of charging borrowers a bunch of different fees, charged a single fee covering everything? Why don't they?" You have put your finger on ... more... |
|||||||||||||||||||||||
inspection fee related definitions |
|||||||||||||||||||||||
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... Warehouse Fee Warehouse Fee Some mortgage companies borrow money on a short term basis in order to originate loans which are to be sold later in the secondary mortgage market. When the prime rate of interest is higher on short term loans than on mortgage loans, the mortgage firm has an ... more... |
|||||||||||||||||||||||
More about inspection fee No Fee Mortgages Coming Soon Home Inspection - Going On Top 10 Simple Steps to Manage Your Credit 15 Tips To Help You Buy Your Home Appraisal or Home Inspection? Building Permits and Inspections Low Interest Payday Loan - How To Figure Out The APR Of A Payday Loan Prepaid Credit Cards Debt Settlement : What You Need To Know Debt consolidation More Options for Reducing Credit Card Costs
|
|
||||||||||||||||||||||
|