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Real Estate
Reply to "origination fees"
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[quote=Anonymous]Yes - 1 point is normal on residential. If they waive your origination fee they are just reclaiming it in your interest rate. Part of your origination fee is the compensation your loan banker or broker receives from mortgaging your (new) home. So again, if they waive it, they recoup it elsewhere, they don't process all that paperwork out of the goodness of their hearts, and their kids have to eat too.[/quote]
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