Mortgage Fee Structure
As a consumer, it is very important to compare the mortgage fee
lenders before you make an application. While a mortgage interest rate is
certainly important, you must be sure the lender will not charge an excessive
mortgage fee structure to secure a desired mortgage rate. The document which will allow this comparison
of the mortgage fee structure is
a Good Faith Estimate of Closing Costs. The Good Faith details interest
rates, terms, and the cost of the transaction. You will always receive an
Estimate from me before you make application and I urge you to
insist on an Estimate from any lender you consider.
Please understand that I am a mortgage broker with access to over 500 lenders, each with their own fee schedule. Fees below are representative of average fees charged by various lenders we represent. The only fees I charge and keep are a $300 processing fee and a $395 Broker fee. Everything else is a direct pass through from various service providers associated with the transaction.
Settlement Attorney fees
Government fees and taxes
Please note that the above are for information purposes only. Some programs require additional fees.
Request a Good Faith Estimate before you apply
As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your consumer and mortgage debt is structured today can have a life changing effect in the years to come. Read more about this free, no obligation service.