gfe: Consumers Beware of Rising Fees - 02/16/10 04:53 AM
Borrowers need to be aware that many mortgage brokers are choosing to raise fees to maintain their income on each loan transaction.  Following is advice from one major wholesaler to their broker customers:
 
THE NEW GFE
 See the original GFE given to the Customer - Line 1. Contains the following:
Origination fee + Processing Fee + Lenders Admin. Fee + YSP
(plus any other compensation / fee that the broker charges). Once you give the GFE to the Customer your line 1 will not change higher (except if the loan amount changes your origination will be adjusted up or down … (2 comments)

 
Art Marine, Loans that Fit your Life (Mortgage Solutions Financial)

Art Marine

Loans that Fit your Life

Lake Oswego, OR

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Mortgage Solutions Financial

Address: 5 Centerpointe Drive, Suite 125, Lake Oswego, OR, 97035

Office: (503) 403-6030

Mobile: (503) 799-7085

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