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Real Estate
Reply to "Educate Me About Origination Fees!"
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[quote=Anonymous][quote=Anonymous]I assume this is a low-money down loan. If so, origination fees are standard but highly negotiable. 20% down loans typically come with no fee; otherwise negotiate for the best rate. If you're looking at 3.5% down programs, FHA might beat out VA...would try M&T or a local smaller bank, or a broker experienced in VA/FHA financing placement.[/quote] NO fha charges mortgage insurance each month for the life of the loan, VA loan fee is one time and can be wrapped into the loan. these 3 are excellent better than the big banks and can pre-approve you in a couple of days and are direct lenders (no awful take a number wait 2 weeks for responses like the big bank or credit union experiences) http://www.redfin.com/openbook/home-loans/washington-dc-james-walker-sp5432 http://www.redfin.com/openbook/home-loans/washington-dc-rob-mercer-sp7280 http://www.caliberfunding.com/cwashburn[/quote]
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