learn what other users had to say about

Mortgage Fees

Submitted by  
$ 3700
Mar 2008
Scottsdale, AZ
All closing fees for new home mortgage  more... close row
$ 2400
Apr 2008
Bellingham, WA
Closing cost, loan fees, and title cost  more... close row
$ 3150
Feb 2008
Mobile, Alabama
Refinancing requires signing name 100 times  more... close row
$ 2300
Sep 2006
Greenwood Village, CO
Always read before you sign  more... close row
$ 1108
May 2008
Jim Thorpe
Qualified buyers can ask for special favors sometimes  more... close row
$ 2000
Oct 2006
Columbus, OH
Many different fees for mortgage  more... close row
$ 3385
Jul 2006
San Jose, CA
One point loan fee for lender  more... close row

Description of service

I paid a total of $3385, which was the equivalent of 1 "point" on my current loan. There were no other fees paid to the loan officer outside of the 1 point fee, based upon 1% of the total loan amount.

Review of Service

For the quality of service that I received, this was a fantastic price. Part of the reason the fee that I paid was so low was because I received a special first-time home buyer loan which imposed a 1 point loan fee as part of the program. In the loan industry, usually you have to "buy down" your interest rate by paying more money up front, which they call "points". In this case, I got a below market rate loan, which if a normal person wanted the same rate that I got, they would have had to pay close to $15,000, I got it for $3385. This was all due to the limited loan fee as a part of the first-time home buyer program I purchased my home through.


There are many first-time home buyer programs out there, especially if you live in a high cost area such as California or many major metropolitan areas. So I would suggest to anyone looking to buy their first home to do a lot of research and see what first time home buyer resources are out there for your area.

$ 300
Sep 2007
Orem, UT
Consolidating credit card debt  more... close row
$ 440
Mar 2007
Oklahoma City, Oklahoma
Mortgage offer from corporate bank  more... close row
$ 350
Jan 2008
Too many fees from mortgage broker  more... close row
$ 0
Jan 2006
Boiling Springs, SC
Home loan was free because of high credit score  more... close row