Written by Bob Hunt Not long ago we wrote about the increasingly popular PACE (Property Assessed Clean Energy) loans that can be used to finance a variety of energy-saving home improvements. One reason these loans are popular is that they do not require conventional income and credit qualifications. Moreover, loan costs and origination fees are […]
Lender's origination fee Also called an underwriting, administrative or processing fee, it can run you $2,000 to $3,000. Solution: Compare origination fees from several lenders, but exclude fees the lender doesn't control, such as payments for settlement services, taxes and escrowed funds.
Student Loans...Are there any available options to reduce the interest rate?...What are the fees associated with the loan (i.e., origination fee, default fee, late payment fee, repayment fee)?...What is the lowest available interest rate and fee combination for a student loan?...What will my monthly payment amount be? Visit what2ask.com and discover the important questions to ask about your Student Loan.
Trulia Voices - The short answer is "YES! And you should!" As long as you apply within a thirty day timeframe, you can apply for multiple lenders and have it count as ONE total inquiry on your credit report, under Federal law. The regulation is designed so you can shop for the best deal. But compare origination fees, as well as interest rates. If you pay a higher origination fee or points up front, you may get a lower rate, but if your circumstances show you may need to relocate or move in a…
I am involved with a program called Homes for Heroes that guarantees that military (active, past and retired) buyers and sellers receive rebates from realtor commission and reduced loan origination fees from affiliates of the program. It is my pleasure to help our men and women in uniform receive all they can to help in buying and selling of their home. My success in real estate is attributed to experience, professionalism, & commitment to service in an area in which I enjoy living…
Watch out for personal loan origination fees. The interest rate alone doesn't necessarily tell the whole story about what you owe.