What is the origination fee for mortgages?

Answer The mortgage broker origination fee for a mortgage loan is 1 percent of the amount of the loan. That covers the loan company's cost of processing your loan and their business-related expenses.Reaso... Read More »

Top Q&A For: What is the origination fee for mortgages

Are origination fees on reverse mortgages set by fha?

The origination fee associated with a reverse mortgage is set by the originating lender, which may or may not be FHA. However, if the borrower is purchasing a FHA reverse mortgage, the origination ... Read More »

How to Calculate an Origination Fee?

When taking out a loan, sometimes the lender will charge a loan origination fee. This is the fee used to cover costs of creating the loan. These costs include creating the loan and closing the lo... Read More »

Are origination fees tax deductible?

When purchasing a mortgage or refinancing one, many borrowers look to deduct some of the closing costs from their tax bill. However, the only cost associated with a mortgage closing that is tax ded... Read More »

Origination of military time?

The 24 hour clock is not exclusive to the military. In fact, most of the world's population uses the 24 hour clock, rather than the 12 hour clock common to the United States, Canada, and a couple o... Read More »