Thanks to his estimated $140 million in earnings during 2012, Rosenstein ranks No. 29 on FORBESâ list of Highest-Earning Hedge Fund Managers. Prior to the East Hampton sale, Americaâs most expensive home sale was Copper Beech Farm in Greenwich, Conn., which traded hands for $120 million earlier this year. Before the Copper Beech sale, Softbank billionaire Masayoshi Son held the record, thanks to spending $117.5 million on an estate in Woodside, Calif.
That basic escrow fee should cover what escrow does. But no, Tradewinds also tried to charge us a loan tie-in fee of $200. Now, a loan tie in fee is supposed to be for services rendered tying in two or more loans.
This is the fee paid to a lender for processing a loan application, including notary fees, the lenderâs attorney fees, and document-preparation fees. The fee is stated in âpoints,â or a percentage of the mortgage amount. One point is equal to 1%, so if you have a $100,000 mortgage, a point will be $1,000.Loan Discount.This one-time, up-front charge by the lender lowers the rate of your mortgage. It is stated in âpoints,â the cost of a point being 1% of your loan.ow itâs time to close. But in addition to the purchase price, there are expenses due before or at closing that can add up. Settlement costs are typically paid by the buyer, but a motivated seller, or even a lender, may pick up some or all of these expenses as an incentive to get you to buy.