Tag Archive for: origination fees

Deciphering Bullsh*t Rate Quotes

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As loan officers fight tooth and nail for business in a very low-volume environment, we are seeing desperation on the rate-quote front … again. We saw so much nonsense last week alone that I felt compelled to blog about it again.Read More

Understanding Lender Credits In Home Mortgages

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Lender credits are discounts offered by the lender that apply to closing costs and reduce the amount of money you pay at closing.Read More

Points, Discount Points, & Origination Fees – Avoid Them In 2022!

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Even though distinctions can be made, Points, Discount Points, and Origination Fees are effectively the same thing, and they are used interchangeably. A “point” typically represents 1% of the loan […]Read More

The Difference Between Discount Points & Origination Fees

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Discount points are fees you can pay to lower your interest rate and thus lower your monthly mortgage payment. Paying discount points is commonly referred to as “buying down” your interest rate. The more you pay in discount points, the lower your interest rate will ultimately be.Read More

Why We Hate Paying Points (Or Think Buyers Shouldn’t)

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Borrowers constantly ask if they should pay points or origination fees to buy down a loan. Our constant refrain is no, and here are the reasons why: 1. Borrowers get […]Read More

Why We Hate Paying Points (Or Think Buyers Shouldn’t)

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Borrowers constantly ask if they should pay points or origination fees to buy down a loan. Our constant refrain is no, and here are the reasons why: 1. Borrowers get […]Read More