Refinance Loan|Reports on getting that Refinance Loan
Nov
24
Filed Under (Refinance Loan) by Joey
Wondering how much my mortgage broker will make off of me. I’m getting a $250,000 loan on a $500,000 house w/ $300,000 in equity. Thanks.
Comments
Chris S on 26 November, 2008 at 8:43 pm #
generally 1 percent up front and then you’d have to ask them for the yield spread to determine how much they are making off the back end.
khalilkyd on 28 November, 2008 at 5:13 pm #
Hi,
The norm is 1% . But as always greed exists where
there is money. Suggest you shop around and deal direct
with the lender. You have enough ammunition .
Rgds………………….
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