Home Buying in 91402 : Advice

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Robert Chome…, Real Estate Pro in San Diego, CA
Robert Chomentowski answered:
Is it legal to charge for both a Loan Origination fee at 1% AND Mortgage brokers fee at 1% on an FHA loan?
That does not sound in compliance with FHA rules. Usually there is only a 1% origination fee and then a loan processing and underwriting fee. You can have "discount points" ... more
0 votes Share Flag Mon Sep 14, 2009 Home Buying in 91402
April Tavares, Real Estate Pro in Saratoga, CA
April Tavares answered:
Good Faith Estimate Quote? My Broker gave me a GFE and I am being charged The 1% origination fee of 2,400
PA,

I think Rob is correct it is hard to judge without knowing details of your transaction. However, you are well within your right to ask. Ask for a detailed explanation of what the ... more
0 votes Share Flag Wed Aug 12, 2009 Home Buying in 91402
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