Loan Estimate Fees: The Rate Is the Show

Loan Estimate fees explained by an Arizona mortgage broker: the rate is the show, the fees are on page two. A Loan Estimate is the standard three page form every lender gives you after you apply. Page one carries the rate everybody advertises. Page two carries the origination charges and the other costs of the loan, and it is the page most borrowers are never walked through. This video is a Roman arena homage about that: the crowd cheers the rate, the judges give it a thumbs up, and a family on the sand is left holding the paper nobody explained. Jake Taylor brokers at wholesale in Arizona. There is no branch, no sales floor and no retail markup between you and the rate sheet, so reading page two with a borrower is not a defense of anything. Get a Loan Estimate from any lender, bring it in, and read page two together. No pressure. Just the paper. Call 855-CALL-JAKE (855-225-5525) https://www.jaketaylor.com/ Read more in plain English: https://www.jaketaylor.com/learn More mortgage videos: https://www.youtube.com/@jaketaylormortgage Jake Taylor, NMLS ID 162265, Licensed in Arizona Barrett Financial Group, LLC, NMLS ID 181106 2701 E Insight Way, Suite 150, Chandler, Arizona 85286 Equal Housing Opportunity This video is for informational purposes only and does not constitute a loan offer or commitment to lend. All loan products subject to credit approval. Programs, terms and conditions subject to change without notice.