Tagged : mortgage origination fees

Found 1 blog entry tagged as "mortgage origination fees".

An origination fee is part of the multi-step process of getting a loan and includes the cost of processing the application, underwriting, and financing the loan. The lender may combine the fees into one charge or may list each one individually.  

Either way, origination fees are separate from your mortgage down payment and are often paid as part of your closing costs.

What Do Origination Fees Cover?

  • Loan processing, such as reviewing your application and preparing documents.
  • Underwriting, such as gathering and verifying your information, including your credit score.
  • Loan Funding, such as "points" that lower your interest rate

How To Determine the Cost of Your Mortgage Origination Fee

The typical origination fee is

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