Posts tagged as:

mortgage junk fee

Thumbnail image for How to Avoid Junk Fees When Refinancing

How to Avoid Junk Fees When Refinancing

May 2, 2009

Avoiding mortgage junk fees sounds like a difficult task when refinancing but is easier than you think… here’s what you need to know.

Read the full article →
Thumbnail image for Mortgage Junk Fees Defined

Mortgage Junk Fees Defined

August 15, 2008

Junk fees will not be a percentage of your loan amount but will show up as itemized charges ranging from $50 to $1,000 on your Good Faith Estimate and HUD-1 statement.
These fees are mostly invented by your mortgage broker and vary from one shady broker to the next. Here are several tips to help you [...]

Read the full article →
Thumbnail image for YSP Mortgage Broker Payment

YSP Mortgage Broker Payment

March 3, 2008

Many homeowners don’t know how their mortgage broker is paid for the work they do arranging their home loans.
Your Broker is compensated for their work from two sources; understanding how this compensation works will help you avoid paying too much for your next mortgage loan.
Here are several tips to help you [...]

Read the full article →

Mortgage Rate and APR

December 4, 2007

Mortgage loans can be confusing and intimidating for many homeowners. Terminology like APR is not only confusing, but in the case of Annual Percentage Rate is misleading. Here are the basics you need to know about Annual Percentage Rate (APR) and your mortgage rate when comparison shopping loan offers.
Annual Percentage Rate (APR)
What is [...]

Read the full article →

Loan Processing Fees

September 28, 2007

If you are in the process of taking out a new mortgage to purchase your home or refinance your existing mortgage, the fees you pay can make the difference between getting a great mortgage loan and paying too much. The fees on your Good Faith Estimate are often cryptic and many brokers leave the [...]

Read the full article →

← Previous Entries