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Response to sorefeet (Original post)

Wed Apr 30, 2014, 09:22 AM

2. Loan origination fees and interest rates

 

Are often set and locked at the time of processing. If there are delays most lenders allow for adjustments for rate and cost differences if the closing doesn't happen within their time frame. Also, they don't make money until the closing, so like all sales people, they try to close while the iron is hot..so it is likely to be a tactic to hurry you along. They know that if your circumstances change it isn't too late to shop them or bail on the deal..

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Arrow 8 replies Author Time Post
sorefeet Apr 2014 OP
ananda Apr 2014 #1
LineNew Reply Loan origination fees and interest rates
pipoman Apr 2014 #2
Godhumor Apr 2014 #3
Old Codger Apr 2014 #4
sorefeet Apr 2014 #6
MineralMan Apr 2014 #5
sorefeet Apr 2014 #7
MineralMan Apr 2014 #8
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