All Forum Posts by: Juan Carlos Gastelum

Thank you Tarik Turner.  I am getting a quote from a broker at 2.5% of loan amount as a brokerage fee to originate loan, more precisely to arrange a mortgage loan commitment.  My question whether this quote is standard.  Thanks again.

Do all these fees apply for the same transaction?

Fee Structure

Lender’s Fee: A percentage of the Loan amount paid by the borrower to the lender

Lender’s Commitment Fee: This will get paid by the borrower to the Lender, regardless if the borrower decides or nor to obtain the loan

Borrower’s Broker’s Fee: A percentage of the Loan amount earned by the Broker representing the borrower and paid to the Broker by the Borrower

Lender’s Broker’s Fee: A percentage of the Loan amount earned by the Broker representing the Lender and paid to the Broker by the Lender

Are any other additional fees standard?

Any comments in any direction are welcome.

Thank you!

Thank you so much for your prompt response Ashish Acharya and Rex T.

Hello. We own 2 condos in Texas: 1) one under my daughters name "PROP 1" and 2) another under my wife´s and my name "PROP 2". I just incorporated a single member LLC in Texas to house real estate investments. In short, from a tax perspective, is it a good or bad idea to transfer PROP 1 and PROP 2 into the LLC? Anyone have experience doing this? Would welcome any type of suggestions. Thank you!