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Mortgage Professor about origination fee: | |||||||||||||||||||||||
Why Origination Fees?
February 29, 2000 "After shopping rates and points at several lenders, I discovered that one of them charged an origination fee of 1 point, one charged a fee of 1/2 point, and two did not charge such a fee. Am I correct that to make valid cost comparisons, I should ... more... How to Shop Settlement Costs March 5, 1999, Rewritten February 15, 2003 Settlement costs are one of the most confusing and irritating features of home mortgages in the US. Confusion arises out of the many different types of costs involved, which can vary from ... more... |
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origination fee 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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