« Return to Blogs

Special Report Exposes All Of The Terms & Fees Charged To Buyers

Special Report Exposes All Of The Terms And Fees That Are Charged To Buyers At Settlement

The following is a sample of this special report:

All lenders and brokers are required to provide you with a Good Faith Estimate detailing the services you may be required to get and pay for in connection with your loan.

This Good Faith Estimate will give you a way to compare loans and see what your closing costs would be. Below you will find a list of coded names that describe the different fees, which may be associated with the services previously mentioned. These codes and names correspond to those found on the HUD-1 Settlement Statement. 

Broker Fees

  • 700 - Sales/Broker's Commission: 
    If you use a real estate agent or broker to buy a house, the seller (not you) of the house will usually pay a fee to the real estate agent/broker. This commission is usually a percentage of the sales price.

Lender Fees

  • 801 - Loan Origination Fee 
    A fee to cover the lenders costs for obtaining financing and administrative costs, most often expressed as a percentage of the loan amount (1% = 1 point). Can be a flat fee and/or paid by sellers and third parties.

To receive the complete contents of this special report titled "Special Report Exposes All Of The Terms And Fees That Are Charged To Buyers At Settlement" and get vip access to the rest of our FREE home loan success reports, simply fill out the fields here  and I will send you your first insider secret by email immediately.

 

Also, make sure you register for our Insider Mortgage Secrets, browse our Homebuying Resourcessection and fill-out a free no-obligation secure online application or call our , Florida office at 561-316-6800 with any questions you have.

 

Christian A. Penner
Area Manager, MLO
Phone: 561-316-6800 
Fax: 561-807-2551
Email: 
Christian@ChristianPenner.com
Apply online: Your Loan Application
My Profiles: Description: Facebook Description: Facebook Description: Plaxo Description: Twitter Description: YouTube Description: LinkedIn Description: WordPress