Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about underwriting fee: | |||||||||||||||||||||||
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... 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... |
|||||||||||||||||||||||
underwriting 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 underwriting fee How To Get A Credit Card No Matter How Bad Your Credit Rating The Cost of Refinancing - What Costs To Expect When You Refinance Your Home Mortgage Loan Buying a Home After Bankruptcy - Beware of Shady Subprime Mortgage Lenders The Payday Cash Loan Interest Rates Versus Flat Fees Fast Cash Loans - When You Should Borrow and When You Should Wait Where Does Your Real Estate Commission Fee Go - Why is The Commission so HIGH? Comparing Online Cash Advance Payday Loan Companies 10 Things to Look for in a Home-Equity Line of Credit Debt Management Watch Out for Bank Fees! Real Estate: Buyer's Agent, Seller's Agent & Dual Agent (defined and explained)
|
|
||||||||||||||||||||||
|