Origination charges by Lender

[Hiren Patani]

Hi, 

I would like to know which lender has reasonable origination charges and other charges for investor, who is buying a property (either SFR/townhomes/condos) in Houston, TX area.

Thanks,

HP

[Andrew Postell]

@Hiren Patani I would probably be a little biased in this area but I would STRONGLY suggest getting at least 3 different "Closing Cost Worksheets" from lenders.  We shop for cars, pants, shoes,....but hardly ever for mortgages...which is the most expensive thing of them all!  Even if people say "use X lender" get a comparison from another lender.  It might work out that you like one lender over another because they can close on time, or they are very helpful...but if there fees are high, how would you know without comparing?  And the secret is, most lenders will match other lenders numbers.  So if you do prefer using a specific lender, but they are $100 higher in costs, then take the lower "closing cost worksheet' to them and have them match the offer.  They would be happy to earn your business.  Hope this helps!