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what are mortgage fees that i can negotiate..

are there any?? by seenan9977667 from San Miguel, New Mexico. Mar 31st 2015 Reply


Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,224 contributions

Any fees charged by the lender can potentially be negotiated, however often the trade off is a slightly higher interest rate. So, it is often a balancing between the fees and the interest rate. Usually for a refinance my borrowers decide it makes sense to have a slightly higher interest rate rather than bring more cash to closing or have a larger loan, but everyone makes their own analysis. Make sense?

Mar 31st 2015
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Rick Schmille (Schmillenium)
#5 ranked lender in New Mexico - 16 contributions

I have one fee that is not negotiable because it is the lowest you'll find!I'm a wholesale mortgage broker and give you direct wholesale rates. I charge a flat $1,549 and that covers all lender fees that include:Origination feeUnderwriting FeeProcessing FeeDoc Prep FeeCredit Report Fee$1,549 covers ALL lender/broker fees.Each interest you chose will give you either a credit or a charge. The higher the interest rate, the higher the credit. The lower the rate the higher the cost. You decide which rate you want and either get a direct credit from the lender or pay to the lender whatever the cost is. I don't care what rate you chose, it has no bearing on my income from the loan. I will advise you as to what rate might work out better for your circumstance. Give me a call at 505-250-7670. I lend anywhere in NM.

Mar 31st 2015
1
0
Rick Schmille (Schmillenium)
#5 ranked lender in New Mexico - 16 contributions

Here's another version of that that is easier to read. I have one fee that is not negotiable because it is the lowest you'll find! I'm a wholesale mortgage broker and give you direct wholesale rates. I charge a flat $1,549 and that covers all lender fees that include: Origination fee, Underwriting Fee, Processing Fee, Doc Prep Fee, Credit Report Fee. $1,549 covers ALL lender/broker fees. Each interest rate you chose will give you either a credit or a charge. The higher the interest rate, the higher the credit. The lower the rate the higher the cost. You decide which rate you want and either get a direct credit from the lender or pay to the lender whatever the cost is. I don't care what rate you chose, it has no bearing on my income from the loan. I will advise you as to what rate might work out better for your circumstance. Give me a call at 505-250-7670. I lend anywhere in NM.

Mar 31st 2015
0
0
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