Arizona Mortgage, Home Loan, Refinance, Phoenix Mortgage, Home Equity, Is My Loan Fair
Arizona Mortgage, Home Loan, Refinance, Phoenix Mortgage, Home Equity, Is My Loan Fair Mortgage Advisory Services LLC - Independent Mortgage Advice, Loan Review, Loan Modification Assistance Is My Loan Fair

What’s Your Lender Afraid to Tell You?

The mortgage industry is a professional services industry, and practitioners should be able to charge a fair and honest fee for services rendered.

But you should be fully aware of the total fees charged, and should have more than one option for paying the costs associated with your loan.

Most brokers and lenders won’t tell you their total compensation. To make as much money as possible, they effectively “hide” their income in a combination of origination fees, discount fees, application fees, processing fees, document preparation fees, and courier fees.

While your lender should be willing to have a conversation about what they’re earning to finance your loan, the important thing to understand is that everything on your Good Faith Estimate is negotiable.

You’re worth money to your lender as a client, so it’s often in a lender’s best interest to negotiate a better deal for you instead of losing you as a client.

When you hire ismyloanfair.com to evaluate your loan, we’ll make sure that you’re not being charged too much for your personal situation.