I am new to really being able to analyzing different loan products and finding the best lender but this lender was recommended from other investors and property managers. I am under contract on a 3 flat and the loan w...
So I found a bank that will give be a 30 yr mortgage but the origination fees are like $900. Do you all think that is to much also interest rate is 5.8. Im use to paying about $400 in origination fees but thats on a f...
I am under contract on a house and my lender sent over the closing cost estimations. It looks like they are charging an origination fee of 2.5%. This seems high compared to what I have seen in the past. What have y'al...
I am about to close on my first property and noticed the loan estimate was significantly different than the original I signed. I understand the insurance and third party fees update on the estimate as we pay them but ...
A Bank is trying to charge me a 3.10% origination fee.
That seems insanely high. I thought origination fees are more in the 0.50% range.
I'm refinancing a commercial property in the US for the first time. $1.7m loan, 65% LTV. One LOI I've received has quoted a 2% origination fee, which seems high to me. (Broker has a 1% fee on top). Presumably negotiab...
Is it normal for private lenders to require the loan origination fee be sent as part of loan approval, prior to closing? Or is this a red flag that it is a scam?
Are origination fees different across the board and is there a cap?My estimate was 4.8% rate conventional bank statement loan was high but was okay with it. Now it's coming back as 7.2% when they sent the paperwork an...
I understand that the loan origination fees are amortized over the life of the loan, so if you get a hard money loan and paid $3000 in origination fees, you would create an amortized asset with a 1 year life span, bec...
I'm looking to buy a second property with a VA loan. I called a VA lender to get the ball rolling. He said the origination fee (flat fee), would be $1,300. Does this sound about right? I don't remember paying a f...