Loan Origination Fee

Course Navigation

Welcome to the course!
The Real Estate Business
Law & Qualifications
License Law And Commission Rules
Authorized Relationships, Duties, And Disclosure
Brokerage Offices and Branch Requirements
Violations Of License Law, Penalties And Procedures
Chapter 8
Property Rights
Title, Deeds And Ownership Restrictions
Legal Descriptions
Real Estate Contracts
Residential Mortgages
- Mortgage Concepts & Law 
- The Essential Paperwork (Loan Instruments)
- The Mortgage Instrument (The Security)
- Hypothecation
- First vs. Junior Mortgages
- Quick Review
- Essential Elements of the Mortgage
- Property Insurance
- The "What If" Scenarios (Other Provisions)
- Acceleration Clause
- Defeasance Clause
- Common Mortgage Features
- B. Loan-to-Value Ratio (LTV)
- Equity
- Interest & Loan Servicing
- Escrow (Impound) Account
- PITI (The Total Monthly Payment)
- Discount Points
- Lender’s Effective Yield
- What “98” or “97” means
- Loan Origination Fee
- Assignment of mortgage
- The Estoppel Certificate
- Purchasing Property with an Existing Mortgage 
- Assuming a mortgage
- Subject to the mortgage
- Contract for Deed
- Contract for Deed 2
- Land Development & Construction Loans
- Blanket Mortgage Loans
- Takeout Commitment & Buydown
- Default
- The Foreclosure Process
- Lis Pendens
- Foreclosure
- Foreclosure 2
- Rights of the Mortgagor (Borrower)
- Rights of the Mortgagee (Lender)
- Results of Foreclosure
- Short Sales
- Income Property Foreclosure
- Chapter 13 Quiz 10 xp
Types of mortgages
Real Estate Related Computations And Closing Of Transactions
The Real Estate Markets And Analysis
Real Estate Appraisal
Real Estate Investments And Business Opportunity Brokerage
Taxes Affecting Real Estate
Planning, Zoning And Environmental Hazards
Course Assessments

FLORIDA REAL ESTATE SALES ASSOCIATE COURSE

Residential Mortgages

Section 21 of 41

Loan Origination FeeThe Concept: The "Admission Ticket" to getting a loan.What it covers: This is the administrative fee charged by the lender to process the application, underwrite the file, and create the documents. It pays the lender's overhead (salaries, office space, paperwork).Typical Cost: Usually 1% to 2% of the loan amount.