What interest rate/origination fees are you seeing

[Lloyd Preece]

Hey guys, what interest rates/ loan origination fees are you guys seeing right now?

Through my mortgage broker I just got a quote for 3.875% for a 30 year investment loan on a SFH.

Origination Charge is $1740 with another $1500 or so for 1.5 points

Property price is $133K, 80LTV, Loan is $106K,

Origination charge feels high but interest rate is fairly low so thinking thats what im paying for. Does this look like an overall good rate and fee combination? Just want to make sure I’m not getting ripped off!

[Russell Brazil]

@Lloyd Preece I  pay $1200 origination fee with my lender, regardless of price of the property, so yours doesnt seem unusual to me. A little higher than I pay, but in the same general price point more or less.