Origination FEES are paid at closing to the Broker and
paid over the life of the loan by the Borrower
On a $400,000 mortgage, the broker can be paid
Behind The Mortgage Curtain
Many borrowers end up paying the bank around 5 times the amount of money the bank pays the Mortgage broker for loan origination alone.
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The Truth About Mortgage
A term used in the real estate world but not truly understood, a Mortgage Broker works directly with the buyers and the bank to help the buyers qualify for a mortgage or a refinance loan from the lender.
Brokers fees are widely ranged. To get the best mortgage rate with the lowest broker fee, it’s critical to know the truth about mortgage:
Brokers Make The Choice
Mortgage brokers choose the amount of percentage “points”
Loan Origination Fees
While Mortgage Brokers are paid in full at closing, loan origination fees are financed into the monthly payment over the life of the loan.
DiscountMortgage is Different
We educate consumers and reveal the entire cost of your loan, no hidden fees.
We provide an easy way to learn and REMEMBER how mortgage fees work.
Our infographics, charts and blog posts are revealing and easy to consume.