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one of my friend said that if you take a mortgage you will have to pay huge anount of lender fees. What are lender fees?

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

what is a appraisal review fee and how much it can be

Like | Dislike | Share | Posted: Fri, 04/13/2007 - 15:59 | Post subject:

blue's picture
blue | Joined: October 21, 2005 09:17 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Liddell,

Welcome to Mortgagefit discussion board.

You will probably not see this on your GFE but it is occasionally charged by lenders. Sometimes lenders review appraisals especially for higher valued properties as a quality control measure. The fee you would be likely charged will be in the range of $75 to $150.

Do let me know if you have any other questions.

Thanks
Blue

Like | Dislike | Share | Posted: Fri, 04/13/2007 - 16:05 | Post subject:

adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

pan_kul,

Points are a percentage of the loan amount paid upfront so that you can get a lower interest rate.

Origination fee is the cost the lender demands for originating your loan.

Like | Dislike | Share | Posted: Sun, 04/15/2007 - 23:53 | Post subject:

pan_kul's picture
pan_kul | Joined: March 13, 2007 03:10 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Which part of lender fee is expressed as points or origination fee

Like | Dislike | Share | Posted: Sun, 04/15/2007 - 23:44 | Post subject:

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