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Youtube - no down payment car loans125,000 total closing is about 8,300? my question is . on my good faith estimate after the loan originator& 39;s fee. ther is a brief statement, that the lender will compensate the broker with 3% of the loan amount this is an a paper loan ( freddie mac) no discount points are there. shuold i be worried. first time home buyer. middle score is 648 6 days ago (Tiebreaker) - 6 answers - Report Abuse This question is no longer open for answering. Here's your chance to cast a vote if you haven't already. The voting period was extended because it ended in a tie. Add Save Add to private Watchlist Save to My Web Add to Del.icio.us Add to My Yahoo! RSS Answers Show: All answersOldest to newestNewest to oldestRated highest to lowestTotal rating 0 or higherTotal rating higher than -2Total rating higher than -5 Answer hidden due to its low rating Hide UserQuestion Answer Information Answerer 1 You went through a mortage broker, not the lending company. The lending company pays the broker for finding and processing the loan, in this case 3%. I can& 39;t say if the 7% or the $8300 is good or not, not without seeing the GFE, but paying a broker is standard.pp 6 days ago - Report Abuse Sign in to vote! 0 1 by Answerer 1 6 days ago Answer hidden due to its low rating Show Total rating: -1 0 1 Answer hidden due to its low rating Hide UserQuestion Answer Information Answerer 2 This is because your dealing with a broker who brokering to the lender or bank. They not only get the 3% orig fee and they will get whats called "par plus pricing". The higher the rate they sell you the more m |
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