What Is a Mortgage Origination Fee?

If you're considering buying a home or refinancing your mortgage, you've probably come across the term "mortgage origination fee." But what exactly is it? Let’s take a look at the details to help you understand what this fee entails and why it's an important part of the mortgage process. Understanding the Mortgage Origination Fee A mortgage origination fee is a charge by the lender for processing your loan application. This fee compensates the lender for evaluating, preparing, and submitting your mortgage loan. Essentially, it covers the administrative costs and services provided by the lender from the beginning to the end…
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House Hunting: Watch for These Five Small Signs That Can Indicate Much Bigger Problems with a Home

It’s not uncommon for homebuyers to recount horror stories about properties that appeared to be fine at first glance, but were actually hiding very expensive problems. If you fail to do your due diligence, you might find your dream house turning into a nightmare. The next time you walk through a house, pay attention for these five signs that the property might be hiding a unfortounate secret or two. Mold, Water Spots and Water Damage Older and newer homes alike may develop a leaky pipe or another similar plumbing issue from time to time, but any type of water issue…
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The Pros and Cons of Buying a New Home Versus Buying Pre-owned

Are you thinking about buying a new home? Congratulations! Buying a house, condo or townhouse is an exciting and rewarding time which tends to be a lot of fun. However, along the way you'll need to make a number of decisions – including whether you want to buy a pre-owned home or one that has been built recently and is brand new. Let's take a quick look at some of the pros and cons of buying a new home versus buying pre-owned. New Homes Tend To Have Fewer Problems One of the major upsides of buying new is that newly-built…
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