When shopping for settlement services, service providers and through various loan quotes of different fees that you need it to specific services, you can use this section as a guide. Be very careful to compare costs, will increase the cost of your loan.
Sales / Broker 's Commission: This is usually paid by the seller, real estate broker's commission total dollar sales amount is. This commission is usually a percentage of the selling price of the house.
Loan origination: This fee is usually known as a loan origination fee, but in some cases a "point" or called "points." This includes administrative expenses and debt in credit processing. Expressed as a percentage of the loan, the fee will vary among credit. It is usually up to the talks, the buyer, is charged.
Debt relief: more frequent "points" or so-called "discount points," loan discount broker credit or loan, or otherwise reduce the rate at which your loan broker is a one-time payment imposed. Each "point" is equal to one percent of the mortgage amount. For example, a loan in the amount of $ 1,600 on a $ 80,000 loan to a charge of charges if the two points.
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