What are the cost savings with an on-line loan application?
The on-line loan application is much faster for you — and for us too. As a result, we can pass on substantial savings to you. • The up-front loan fees will be lower by about 1/2 point. • In a no-point, no-fee loan, the rate will be lower by about 1/8 point. • For some loans your credit report will be less than $25 per individual or married couple. • Underwriting and processing fees may be lower by as much as $250 each. • And, depending on which loan program you choose, your appraisal may cost as little as $200, rather than $300 or more.
