How does lender 411 work? What's your loan origination fee?

Lender 411 allows you to get answers to questions like this, access to information about potential lenders and brokers. You can find them directly through answers like this or by seeking rates. Note that when you shop on line, you may get bombarded with phone calls and hopefully Lender411 can supress some of that. Be careful how many sites you go to or what you key in on the web when shopping for a mortgage. See my blog, "internet insanity" for more information. Also, everyone's fees are slightly different and their rates are too. When shopping for a mortgage, the APR is a function of fees and the spread between the two is indicative of fees. For example a 4.75% rate with a 4.96% APR is more costly than a 4.75 with a 4.83 APR.

Lender 411 is a way for homeowners and potential homeowners to find lenders, rate and products that will fit their needs. Origination depends on what type of loan you are looking for, FHA, CONVENTIONAL, HARD MONEY, PURCHASE, REFI or COMMERCIAL. If you are looking to purchase or refinance a single family home, we currently offer no origination on qualifying loans. What state are you in?

Lender 411 is a portal to post questions and locate mortgage lenders to help you navigate what can be very confusing and overwhelming experience. You can post question like this and lender will comment like this. As for Origination fees need to be explained further. Good Faith estimates lump all porigination charges into one category. That could make up an Origination Fee ( percentage of loan amount) and addtional fees like processing and underwriting fees. As for the origination fee, you can either select a no Origination fee rate or get a better rate and pay an origination fee.