Posted on: 01st Aug, 2007 02:06 pm
What is the average Fees broker's charge,when they help in refinancing the house.?
"What is the average Fees broker's charge,when they help in refinancing the house.?"
Normally brokers charge an origination fee (1 point) + one additional point. But it can vary with some brokers.
Normally brokers charge an origination fee (1 point) + one additional point. But it can vary with some brokers.
Hi Tushar,
A mortgage broker is a mediator between you and the lender. He is paid a compensation for arranging your refinancing.
A typical mortgage broker charges you one point (1 percent of the loan amount) for his service. You may also have to pay an application fee.
A mortgage broker is a mediator between you and the lender. He is paid a compensation for arranging your refinancing.
A typical mortgage broker charges you one point (1 percent of the loan amount) for his service. You may also have to pay an application fee.