how much do origination fees typically cost? do they have to paid up-front? by MMeyer_619_818 from Purcell, Oklahoma. Aug 17th 2012
It depends on the origination fee. It's 0 for the 4.75% fixed interest rate, $1,500.00 for the 4.50% and $2,500.00 for the 4.25%
Varies greatly between every lender or broker. Origination Fees include application fees, commitment fees, processing fees or any other fees. It also contains any points paid for a particular interest rate.
Hello, My name is Steve Cooley and I am with The Cooley Mortgage Team with Prime Lending in Oklahoma City. Our origination fee is a flat $995. Origination fees are only part of the "closing costs" associated with obtaining a mortgage loan. Closing costs will vary based upon the loan amount you are seeking. They do have to be paid up front, but you can negotiate to have those paid by the seller if you are talking about a home purchase. If you are speaking of refinancing your current mortgage, typically those costs can be rolled into your new loan. Hope this was helpful. Contact me if you have any further questions. 405-831-4457
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