Are All Mortgages and Fees the Same?

Many times Mortgage people will tell you that you will pay the same fees one way or the other (by a higher rate or paying for fees upfront). That is only a partial truth. EACH investor and EACH mortgage broker or Bank has their own set of service fees or charges. They increase their profit by adding on these fees. Some Companies and Investors just simply do not charge as many "Junk" fees as others AND STILL give you a good rate. They may even give you a better rate than the ones who charge more fees because they are willing to work for a smaller profit margin. The bigger the loan size the better the chance of a lower rate. Do not believe the old story that they are all the same. YOU are the one that can determine what type of fees you pay and what rate you will live with. Without doing the proper research you can be a big loser. Your rate can eat at your income for years to come. Remember Knowledge is POWER.