Fees are an inevitability. How do you expect anybody to make money without them? I have no problem paying a fee for services rendered. However, some of the fees we pay are often hidden, illogical, or excessive. I’m currently locked into a 5/1 jumbo ARM at a juicy 2.35% with 0 points and around $3,100 in fees, which is at least 0.15% lower than anywhere else I’ve found.
In this article, I’ll show you how you can pay the lowest mortgage fees possible while also getting a great interest rate as well. You will understand what mortgage fees entail, the point system, and the incentive based pricing system.