World's Largest Mortgage Community

maryland finder fees

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
JFREDE3382 Joined: 26 Feb 2008 Posts: 4 2.12 Dollars($)	Posted: Sun Dec 14, 2008 2:09 pm    Post subject: maryland finder fees Maryland finder fees law allows brokers to charge up to what % of the difference between new loan amount and the original loan amount if the refinancing occcurs within 24 months.
smithsussane Joined: 18 Sep 2008 Posts: 3738 Location: Alaska 561.45 Dollars($)	Posted: Sun Dec 14, 2008 8:39 pm    Post subject: Hi JFREDE! Welcome to forums! Maryland has a Finder's Fee Law which limits the finder's fee of the mortgage broker to 8% of the total loan amount brokered. It also limits the fee on subsequent loans on the same property in a 24 month period to 8% of the amount by which the subsequent loan exceeds the initial loan. Feel free to ask if you have further queries. Sussane

Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0