Posted on: 20th Aug, 2009 07:53 am
What fees are used in the APR calcultion for a mortgage?
Welcome GKM,
Some of the fees included in APR involve escrow fee, attorney fee, title fee, recording fee, tax service fee, home inspection fee and credit report fee.
Some of the fees included in APR involve escrow fee, attorney fee, title fee, recording fee, tax service fee, home inspection fee and credit report fee.
brokerage fee if you are applying through any broker.Generally lender include all these fees while offering you the deal, but one must make sure that he has included all the fees in writing so that you need not have to pay any extra money from your pocket.
Most of the loan processing companies may show lower interest rates but their other fees are so high that at the end of the deal you pay more than what is the market rate so beware of all these loan processing companies and those who deal with the best companies will surely get a good deal.
one of the simple test to identify the best company is 'they put every minute details on paper'.so find out the best company in your area.
Most of the loan processing companies may show lower interest rates but their other fees are so high that at the end of the deal you pay more than what is the market rate so beware of all these loan processing companies and those who deal with the best companies will surely get a good deal.
one of the simple test to identify the best company is 'they put every minute details on paper'.so find out the best company in your area.
I will add one more point to it that is ,one need to consider the registration charges with the agency who arranges the meetings of buyer and seller on internet.
fred, please explain what it is you're referring to. are you talking about "chemistry.com" or "match.com" or "eharmony.com" or something like that?
registration charges? with the agency?? who arranges the meetings of buyer and seller??? on internet????
seriously, dating service or mortgage "loan arranger"?
registration charges? with the agency?? who arranges the meetings of buyer and seller??? on internet????
seriously, dating service or mortgage "loan arranger"?
george
I was refering to some of the websites who is an online mortgage broker and does charge if we take their service.
I am pretty sure that you are having good sense of humor.Keep it up.!
[External ink deleted as per forum rules. Thanks.]
I was refering to some of the websites who is an online mortgage broker and does charge if we take their service.
I am pretty sure that you are having good sense of humor.Keep it up.!
[External ink deleted as per forum rules. Thanks.]
sometimes i have to work my proverbail tail off to maintain a sense of humor. then again, what's not to find funny in this world?