video: Understanding Loan Fees

 

Yes, loan origination involves costs and fees.
As you will see in this Fast Forward video, when you turn in your application you will be required to pay a loan application fee to cover the costs of underwriting the loan.
This fee pays for the home appraisal a copy of your credit report and any additional charges that may be necessary.
The application fee is generally non-refundable.
 

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