My mortagage broker is charging me 2300 in origination charges. They are all money to the broker, named as document preparation, processing, underwriting and so on.
My rate seems pretty good, but the the amount of fees seems high, giving that if I had any origination fee this would be a impossible deal. Are fees a fixed price or should I go back and negociate?
The property value is low, 202k, so the loan amount is even lower.
Usually does people pay all those fees plus origination fee?
by Dominic’s pics
The taxes in our area when up drastically. My friend asked me to review his tax bill and I noticed he did not have a Homestead or Mortgage exemption. He has a 30 year mortgage on the property and it is his only & primary residence. He’s had the mortgage for five years. Is there a way for him to recoupe some of those taxes because he didn’t have those exemptions. Is his mortgage company responsible?
What about the back money that is owed to him because the county was over charging because he did not have those exemptions for 5 years
mortgage_albea_wa_tt_bookK_pg101
Image by Valerie’s Genealogy Photos
Georgia Lincoln County
Lincolnton Ga, May 15th 1899
On Oct 15th after date I promise to pay Jno M. Wright or aider Thrity five and 1/100 Dollars, value received, with interest from maturity at the rate of 8 per cent, per annual, and all costs and attorney’s fees incurred in the collection of this debt, and to secure the payment of this note and said costs and attorney’s fees, if any incurred in its collective. I herby create and give to said Jno M. Wright, his heirs and assigns, a full and completed mortgage lien on the following property, which is my property and is mine ??. To Wit: one Black & White spotted cow, name "Tena" 2 years old, also all my crop corn & cotton, now planted up and growing on my farm in Lincoln county, GA, under cultivation on ?? belonging to Mrs T. T. Albea, none of this crop is subject to rent except 2 acres, and further to secure this debt, I for my self and family expressly waive and ?? all right, claim or benefit of homestead or exemption of personatly whatever, as against this debt and all costs and attorney’s fees incurred in its collections, in any property now owned or heareafter acquired by me. And I direct that all payments made by me to said payee or holder of this note, be applied first to any unsecured debt I may be due & said payee or holder of this note and the balance if any to the debt decured hereby. I agree to pay all costs and attorneys fees incurred in the enforcement of this mortgage costs and fees living made a ?? of the laws and collectible ?? it of this debit is not paid at maturity. I authorize said payees or holder of this note to take possession of said property of said property, by himself or agent and after advertizinging the same, if p??, for two days.. and if realty for twenty eight days, in the papers in which sheriff’s sale of said county are advertised, to sell the same at public auction to the highest bidder, make Title? and deliver possessions to the ?? ?? and from proceeds pay himself and all costs and attorney’s fees incurred by him and pay ones surplus if any to the person entitled to the same. Witness my hand and seal This 15th day of May 1899. Signed sealed and delivered in presence of J W Carttedge CSC LC
W. A. Albea (seal)
T. T. Albea (seal)
Recorded May 29th 1899
J W Carttedge CSC LC
Tags: 2200, broker, charges, mortgage, origination
your friend is the one who would do that. if he thinks his tax is too high
he can call the assessors office and they should recalculate it or at least
check it out. there should be a place on the tax bill that says what to
do if you don’t agree with the tax.