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Origination Fee

Origination Fee

Charge by a lender or broker connected with originating a loan; charged to prepare loan documents, make credit checks, inspect and sometimes appraise a property; usually computed as a percentage of the value of the loan.

Loan origination fee usually varies from 0.5% to 2% of the loan amount, depending whether the loan was originated in the prime or the subprime market.

By showing fee’s as origination fee’s, lenders can actually lower the point total they charge you, while inflating the amount of origination fees’ they charge you.

When dealing with a lender, make sure to ask what the total amount of fees are that are derived from a percentage of the total loan amount.


Good Faith Estimate

loan to be paid off. Predatory lender will wait until emergency, job loss, medical or any other "unexpected" expense to disrupt your ability to handle loan payment and may start foreclosure even if you get a couple weeks behind.

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