Are these Loan Fees About Right/ Typical?

[Alisha Magwood]

So I'm looking for lending options and thinking about one in particular. Being fresh/new to all this i'm not sure what's "standard" or even if there is such a thing. So I would like some input on these fees outlined. What does the repayment penalty mean below "declining points?" I've heard/read about "points" but I have no clue what it means. This would be for a SFH to be purchased and used for initial investment rental. Thanks for any and all input!

Here's a breakdown of the fees included with the loan:

(Minimum Loan Amount: $75,000 / Minimum Property Value: >$100,000 / Rate: 6.25 % - 8.25%

Upfront Deposit: $999 (Appraisal, background, credit check, and application fee) – Non refundable

Origination Fee: $1,499 or 1%, whichever is greater

Processing Fee: $750

Legal Review for LLC: $750 per entity (Due at closing)

Title Review Fee: $500 (Refinance only and if borrower does not use preferred Title Co.)

Prepayment Penalty: 3 Years, Declining points.

[Chris Mason]

@Alisha Magwood, you shouldn't be paying for squat except a normal local appraisal fee until you make it to the closing table. 

"Non-refundable up-front deposit" being that much more than a normal appraisal fee even in my area, much less in the Carolinas, means that my BS/scam detector is pinging over here.

Does that person have an NMLS license that you can look up at the NMLS Consumer Access website?