After refinancing, the new lender's statement has a 1)loan origination fee and 2)origination fee. What is the difference between the two and which one do i use? They are two different amounts.
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Use them both. Usually, the origination fee covers the cost of processing the loan while the loan origination fee is a fee to create the loan. You can ask your lender for their reasoning.
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this would be the same as "points paid" correct?
The term “points” is used to describe certain charges paid, or treated as paid, by a borrower to take out a loan or mortgage. These charges are also called loan origination fees, maximum loan charges, loan discount, or discount points. Points are prepaid interest and generally cannot be deducted in the year paid but are deducted ratably over the life (term) of the loan (some exceptions do apply).
Learn more about points here.
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