Ask different mortgage brokers. But, really, I’m not aware of any that don’t charge an application fee, as well as various other fees. Some are so-called "trash fees," others are legitimate. And an application fee is legitimate.
Besides, don’t select your mortgage based on whether or not there’s an application fee, or the size of it. Do watch out for excessive "trash fees." But the important things to consider are the interest rates and points.
Tip: When you make an offer, ask that the seller pay some of the closing costs. That’ll cover a lot of your expenses, including any application fee.
Ask different mortgage brokers. But, really, I’m not aware of any that don’t charge an application fee, as well as various other fees. Some are so-called "trash fees," others are legitimate. And an application fee is legitimate.
Besides, don’t select your mortgage based on whether or not there’s an application fee, or the size of it. Do watch out for excessive "trash fees." But the important things to consider are the interest rates and points.
Tip: When you make an offer, ask that the seller pay some of the closing costs. That’ll cover a lot of your expenses, including any application fee.
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You should not be required to pay an application fee for a pre-approval.
Buying a home is one of the largest investments you will make in your lifetime and you want to choose a lender or loan officer who is working in your best interest. Ask your Family and/or Friends if they recommend someone in your area.
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It’s free to get pre-approved for a mortgage. If someone is asking for money upfront, run as fast as you can. Let me know if you have any questions or need help.
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I’m a mortgage banker/broker licensed in all 50 states.
If a mortgage broker or bank is asking for an upfront fees or an application fee you need to get away from them as soon as possible.
Most legit mortgage brokers or banks do not charge any up front fees or an application fee for a mortgage loan, pre-approval or pre-gualify
There might be fees and points charged for obtaining a loan on your behalf, but by then you should have received a Good Faith Estimate GFE) or a Truth In Lending Statement (TIL) outlining the fees and where who is charging them.
You should look in your local telephone book or get a referral from a friend or relative about a mortgage broker or banker.
They will inform you as to what they require to get you a mortgage, pre-approval or pre-qualify.
I hope this has been of some use to you, good luck.
"FIGHT ON"
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ATT:
Am Nana Thompson from Canada who Kelly Cole referred to SUSFASA LOAN FIRM, recently when I was searching for a personal loan to set up my Christmas business this man of God that offer me ($50, 000, 00) two weeks ago so when I was your profile in yahoo answer I decided to referred you direly to this God fearing man his name is Mr.Susfasa Lee, you can reach him via E-mail:susfasaloanfirm@live.co.uk tell him that Nana Thompson referred you to him who his offer a loan two weeks ago.
Thanks from Nana Thompson
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