Mortgage Finance & Happenings in Kosciusko County

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Home : Blogs : Greg Miller/ Warsaw Indiana Home Loans - Conventional, FHA,USDA : Mortgage Finance & Happenings in Kosciusko County : Archives December, 2011

New Mortgage Fee's to pay for Payroll Tax Cut Extension? - 12/13/11 09:23 PM

A new idea to pay for the extension of the payroll tax cut is now being tossed around Washington. Members from both parties & both houses have been promoting a fee that will be charged to banks for the delivery of every mortgage loan that is sent to Fannie Mae & Freddie Mac.
While it is not a certainty, the fee's discussed would be equal to about 1% of the loan amount, which by my guess would cost the average borrower a 1/4% on their rate for the life of the loan. I ask you, how long do you think your … (1 comments)

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Greg Miller/ Warsaw Indiana Home Loans - Conventional, FHA,USDA

Warsaw, IN

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Ruoff Home Mortgage

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