Posted on: 05th Jun, 2013 02:42 pm
Very simply, I'm looking at a jumbo loan of $630 and when presented with the numbers, it included a little over 2.2% to the mortgage broker. When I asked him if he could lower that fee, he advised me that the points are basically fixed and regulated by the government and he could not lower them. Is this accurate?
Hi boomerv!
Welcome to the forums!
Yes, the mortgage broker is right in saying so. The points are fixed and depends upon your loan amount. It may not be negotiated.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
Yes, the mortgage broker is right in saying so. The points are fixed and depends upon your loan amount. It may not be negotiated.
Feel free to ask if you've further queries.
Sussane