An origination fee is a payment
associated with the establishment of a new
loan or a
mortgage. This fee is paid to the
bank (or perhaps the broker) that provides
the loan or services associated with taking
out a loan, such as to
prepare the necessary documents.
Usually, mortgage
brokers will not charge fees on A or B type
clients, however clients with non-so-perfect
credit scores or insufficient downpayment
may be required to reimburse the mortgage
brokers. Fees can range from $500 up to a
thousand or two.
Looking to Buy or Sell Luxury
Real Estate In Toronto, North York, Thornhill,
Woodbridge, Vaughan, Richmond Hill, Aurora, King
City and beyond...visit LuxuryBroker.ca
Mortgages247.ca 2011 Apply Online without Blackouts Mortgages247.ca is designed to provide competent and
reliable information regarding the subject matter covered. However it is
provided, free of charge, with the understanding that the authors are not
engaged in rendering legal, financial or other professional advice. Law and
practice often vary from province and province and if legal or other expert
assistance is required, the services of a professional should be sought. The
authors specifically disclaim any liability that is incurred from the use or
application of the contents of this website.
