Go To Mortgage 101

Return To Group Index

From:  beth.wiggins@gmail.com
Newsgroups: alt.org.natl-assn-mortgage-brokers
Subject: Re: Fees
Date: Sun, 01 Jul 2007 02:43:57 -0000
   posting-account=ZVTCbQ0AAABfcSSCTo4dRP9G8FS4EkU4
Bytes: 1808

On Jun 27, 5:15 pm, KS  wrote:
> I have been receiving continuous offers to refinance.
> I know most realtors get paid at least 3 - 8% of the final selling
> price.
> Does Mortgage brokers have a fix Broker Fee as well ?  Are broker fees
> and realtor fees regulated?
> I heard about YSP,  does it actually affect your closing cost ?

Hello,
Most mortgage brokers fees will vary, and are regulated state to
state.  My company in certain states isn't even allowed to charge a
Broker fee.  The YSP doesn't affect your closing costs at all.  IF you
have any other questions feel free to send me a note!
Beth