558858

Are origination fees same as FHA Insurance Premium Paid to FHA

posted

Connect with an expert

1 Best answer

Accepted Solutions

Are origination fees same as FHA Insurance Premium Paid to FHA

No, that is more like a mortgage insurance premium. Origination fees can also be called points, maximum loan charges, discount points, or loan discount. It is an amount based on the percentage of the loan value to reduce the interest rate.

View solution in original post

1 Reply

Are origination fees same as FHA Insurance Premium Paid to FHA

No, that is more like a mortgage insurance premium. Origination fees can also be called points, maximum loan charges, discount points, or loan discount. It is an amount based on the percentage of the loan value to reduce the interest rate.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post