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What portion of a loan origination fee does the mortgage broker keep?
Feb 27th
A Loan Origination Fee is defined as: the points that you pay the lender for extending you a loan. A point equates to 1% of the mortgage loan balance; e.g., $100,000 at 2 points equals $2,000. My question is a mortgage broker usually gets paid based on the size of the loan and they are known as the originator… so why would the lender get this money if it is called a loan origination fee.. so confusing…
Where I can find unsecured personal and business loan lender that work with loan broker ?
Feb 2nd
I call some banks but they told me that clients need to be present at the bank and apply by their self. is it legal to apply personal loan online on behalf of client and by their authorization ?
Thanks for answer !
Thanks for answer !
has anyone ever heard of or dealt with a personal loan company called ameritrust lending out of CT?
Nov 17th
The company is not associated with Ameritrust Mortgage. It’s suppose to be a secured/unsecured personal loan lender/broker.
Thank you.
The company is not associated with Ameritrust Mortgage, it merely has a similar name.
How soon can we close on a home loan from the date of application ?
Aug 23rd
Lets say If I apply for a home loan today with a bank/lender/broker , how soon can I be closing the loan ?
Can they close in 2 weeks from today if I put an application today ?