Is it standard practice to have to pay a $1995 Guaranteed Lender Fee? Aimloan is trying to charge me this. too much?

No it is not a standard practice. For comparison purposes we do not charge any upfront fees, not even an appraisal. Any and all costs will only be paid at time of closing, provided we have delivered the loan we promised. Please feel free to call me at 949-478-FUND(3863) so we can review the loan options we have available to meet your needs. I can also be reached at JAS@ThinkJohnAJr.com.

Call a licensed California broker, not Walmart-mortgage. You will understand what I mean if you proceed.

Janice, i have never heard of a Guaranteed Lender Fee as a charge for a lender, unless you are obtaining a VA or USDA loan which has a Guarantee Fee depending on your Loan To Value financing... if you need more information please feel free to contact Houtan.Hormozian@Crestico.com or call 949 242 5215. Thanks

You should be asking what type of loan are you receiving. The VA loan has a funding fee that you are required to pay, unless you are a disabled vet or a USDA loan which requires a 3.5% fee based on the loan amount. Other then that I do not know of any other loan out there that requires this fee. If you don't feel comfortable with the Lender or Broker you are dealing with then I would suggest finding someone else you do feel comfortable with that is going to explain the entire process to you including any and all fees. Good luck!

Copy & Paste this link on Aim Loan Complaints.http://www.complaintsboard.com/complaints/aimloancom-c218124.html

Look for the exit! All USDA FEES should be listed as "USDA Guarantee Fee" , and the VA Fee will have "VA" in the fee charged. It could be an "Origination Fee" but in today's market you shouldn't have to pay an origination fee, it really depends on your local area practices. Most likely it is a "Net Branch" fee or a "licensee" fee. The cost of having a National Franchise (Fees for having the Name-brand). Get a quote from another lender. I usually ask my client to shop around, it always makes me look better.

I agree with the others on here. If it's not a VA funding fee, USDA guarantee fee, or FHA up-front mortgage insurance premium, then absolutely run for the exit! This is not a standard practice. Even if they are using that as a way to term their origination/admin fees, it should still be a red flag as to why they would use those particular words. On the surface, it absolutely sounds like they are trying to rip you off.