Quote Originally Posted by Shollin View Post
It's not 1%. The servicing right paid to loan servicers are usually 1/4 of a percent.
Does that include these??

Lending Fees

Flat fees charged by the lender to fund and process a mortgage are known by a variety of names, and in general, can be categorized all together and commonly referred to as "garbage fees.” These fees include processing, underwriting, document preparation, as well as administrative and funding fees. Tax service fees, wire, and flood certifications are all additional lending fees. Nearly all lenders charge these fees, and homeowners can expect to pay between $650-$850 to cover them all.