When shopping for the lowest mortgage rates, it is important to look at fees. Be sure to ask for all of the fees and ask for a good faith estimate when shopping for a mortgage or refinance. While it is true the fees acan be rolled up into the loan, some of these fees can be avoided if you are a smart shopper. Most lenders will charge you a 1% origination fee on top of all of the other fees you must pay, so be aware of that charge.
I don't charge this 1% fee for my services. I shop for the lowest rates on the wholesale mortgage martket and get paid from the wholesale lender, while still passing on the discounted wholesale rate to my clients.
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