Sunday, August 22, 2010

What is the most i should pay for mortgage lenders fees?

I have shopped around but cant get the amount that i need,this is the only lender which is able to get what i need,and is 6.78% fixed rate for 2 years a good rate? lenders charge is 拢1999 added to the mortgage and introducers fee of 拢499


any help will be much a appretiatedWhat is the most i should pay for mortgage lenders fees?
It is difficult to answer this question without knowing the circumstances of your application. Nevertheless, any application made to a lender is judged, by the lender, on its merits and the risk the application presents to the lender; it is important to remember that all lenders operate in the mortgage market to make money. Any deal that is presented to the market is offered on the principle that someone will accept the deal, otherwise there is little point in marketing such a proposition. Currently fixed rate deals are not in great supply, therefore any deals that are out there that, on the face of it look attractive, tend to be more expensive. The lender needs to recoup their costs of bringing fixed rate money to the market; in this case the lender has chosen to pass these costs directly onto the customer, up front. Other lenders choose to apply extended tie-ins with redemption penalties, either way, they will recoup their costs one way or another.What is the most i should pay for mortgage lenders fees?
Hi I'm a mortgage advisor the best way to work it out is how much the mortgage payments would be based over the 2 years. You may find that by paying a 拢1999 fee that over 2 years you would save money. If you need any help feel free to contact me. 6.78% seems high is it an 100% mortgage?
that doesnt sound the best. i am a mortgage adviser myself. it depends on your situation but i think i could find you a better product than that, and charge you only 拢100 introducer fee. where do you live?

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