Tracfone is no help, but it can be done. You phone needs to be active. You need to be logged in to your tracfone account. If you never set one up, it is easy to do on tracfone .com. After you are logged in you should see a picture of the phone on the account.
b) Lender charges $1,000 for an origination fee. c) Broker receives $2,000 in indirect compensation from the lender. In the following GFE, the total origination charge in Block 1 is $3,000. The interest rate chosen has a $2,000 credit.
Origination Fee: A fee charged by lenders to procure your mortgage loan. Most lenders charge an origination fee because it is an important source of income for the lender and helps to cover operational costs. The industry standard is 1% of the loan amount, but can vary. Discount Fee: Discount fees, also known as âpoints,â are prepaid finance charges imposed by the lender at closing, to increase the yield to the lender beyond the stated interest rate on the mortgage note. One point costs one percent of the loan amount.