Beginning October 1, 2011, it is anticipated that all purchase loans transactions will be charged (1) an up-front guarantee fee equal to 2 percent of the loan amount, and (2) annual fee of 0.3 percent of the unpaid principal balance. The annual fee will be calculated and collected as follows:
1. The initial fee, for the first year of the loan will be determined and calculated based on the loan amount. For remaining year of the loan, the annual fee will be charged on the scheduled amortized unpaid principal balance (UPB) of the loan, … (0 comments)
This was my first time buying a home and Kevin helped me every step of the way. Along with my realtor they made a great team. I had many questions and ... more
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by user9955022
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Kevin is top notch. In today's complicated lending world, Kevin was with us each and every step of the way. He completely understands the business ... more
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