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What is an origination fee?

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What is an origination fee?

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An origination fee is a fee that is charged to cover the application and processing of a mortgage loan, which has been provided by the mortgage broker.

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An origination fee is charged by the lender and is used to cover expense during the process of the loan. This fee is typically 1% of your loan amount.

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The origination fee is charged by the lender, and is typically 1% of the loan amount you borrow. This fee is used to cover expenses during the process of the loan.

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The fee mortgage lenders charge to borrowers for preparing loan documents, making credit checks, etc.; usually computed as a percentage of the face value of the loan. This fee is usually paid by the buyer unless other arrangements are made.

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An origination fee is the fee charged to cover the application for, and processing of, a mortgage provided by the mortgage broker.

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