Comments on: The Truth About Mortgage Closings Costs and Points http://mioaklandcounty.com/blog/2007/07/30/the-truth-about-mortgage-closings-costs-and-points/ Real Estate in Birmingham, Bloomfield Hills, Beverly Hills, Royal Oak, Troy and Oakland County Mon, 01 Dec 2008 22:28:45 +0000 http://wordpress.org/?v=2.6.5 By: Shailesh http://mioaklandcounty.com/blog/2007/07/30/the-truth-about-mortgage-closings-costs-and-points/#comment-35513 Shailesh Thu, 02 Aug 2007 16:23:47 +0000 http://mioaklandcounty.com/blog/2007/07/30/the-truth-about-mortgage-closings-costs-and-points/#comment-35513 Ken, Good analysis. However, the junk fees part is a bit confusing and misleading in my opinion. The reason being that the lender does need to cover cost and meet payroll. If you don't charge origination, or processing then you're making it on the back. A higher YSP on the back means higher rate for the borrower. Thanks, Shailesh Ken,

Good analysis. However, the junk fees part is a bit confusing and misleading in my opinion. The reason being that the lender does need to cover cost and meet payroll. If you don’t charge origination, or processing then you’re making it on the back. A higher YSP on the back means higher rate for the borrower.

Thanks,
Shailesh

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