Does Nationwide Loan Brokers charge a fee for placing a loan?
No. For residential loans, a non-refundable application fee may be charged by a licensed Mortgage Broker Business to research loan programs, counsel borrower, and process application for submission to lender for mortgage commitment. This fee is usually non-refundable. A Mortgage Broker fee may also be charged to the borrower. These fees will all be revealed in the “Good Faith Estimate of Maximum Costs” and are determined by the type of loan and the amount to be borrowed. There will also be a charge for requesting a Credit Report. Additional charges for items such as property appraisals, inspections, surveys, postage and/or courier services, etc., etc., may also be required by the lender. Note: A customary, nominal fee may be charged by the Mortgage Broker to cover the cost of running a credit check. This is determined by the agency that issues the report. If necessary, property appraisals will be obtained and these will also be charged to you. ANY and ALL fees will be determined and di
