Financial Planning Advices » Financial Terminology » What is an Origination Fee?
What is an Origination Fee?
There are several types of fees that you will encounter during the mortgage taking process. One of them is the origination fee that is charged with the establishment of the mortgage.
The origination fee's major purpose is to serve as compensation to your lender or broker for the setting of the loan. The nature of origination fees is somehow vague, but they are an expense that you will incur for sure.
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