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.
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.
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 form below and we will send you an INSTANT ACCESS link to the email address you provide below.
Also, make sure you register for our Insider Mortgage Secrets, browse our Homebuying Resources section and fill-out a free no-obligation secure online application or call our Sterling Heights, Michigan office at 248-613-9044 with any questions you have.