To avoid any surprises, I suggest that you consult with a licensed mortgage professional to get preapproved and review expected closing costs. I have extensive experience helping buyers become successful homeowners. For more info or assistance, please contact me directly at 917.699.0183. Follow me on twitter @mdenniston247.
I value your opinion, please hit the thumbs up if my reply was helpful. All the best!
Licensed Loan Originator l Sales Manager
Residential Home Funding Corp.
I do realize that some mortgage bankers and brokers on this site become very defensive when there is a suggestion posted that highlights the low origination fees that is charged by other lenders. There is no reason for this. Origination fees like everything else is negotiable. Shop around and see what is best for you and who will give you the best deal.
Do not be fooled by the Wheaties mortgage or any other that claims you don't have to pay; no one works for free.
If you ever find someone truly willing to originate a free mortgage for you, I suggest you hide your wallet, tether the soap and run for the hills because they are coming for you!
In addition to these points or origination fees, you'll also have appraisal fee, credit report(s), flood cert and maybe a couple others depending on where you're located and what lender you're dealing with. Some have more fees than others.
I strongly suggest you meet with a Loan Officer and see what the numbers are. My bank does NOT charge you points. Even though we offer low and competitive rates, we always have the option of paying discount points for a lower rate. Good luck!
If my response was helpful, consider clicking BEST ANSWER!
Senior Loan Officer
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797