What is Loan Origination Fee?
What is Loan Origination Fee?
The Loan Origination Fee is a percentage that the lender charges the borrower for making the mortgage. It could be 1 or 2 percent.
Depending on your credit score and the current competition between banks and lending institutions, the loan origination fee is negotiable.
Like when you buy a car, do not take the first offer the loan officer gives you. Research Maniacs has found that loan origination fees are negotiable!
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