Loan Origination Fee

A loan origination fee for a mortgage is a charge that lenders establish as compensation for setting up or processing your loan. This fee can range anywhere between 0.5% and 1% of the total loan amount. For reverse mortgages, that’s $2,500 or 2% of the first $200,000 of your home’s value. It’s also one of the various closing fees that borrowers will encounter. Keep reading for an in-depth look at home mortgage origination fees. 

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