Today on my monthly Moody radio segment on WMBI Chicago (90.1 FM) there was a question regarding specific Freddie Mac fees posted on the truth in lending documents. Although these particular fees seemed legitimate, it is always good to check out ANY “agency” fees (Fannie Mae, Freddie Mac, FHA) by contacting them direct (via website or phone) to be sure they are standard, customary and legitimate.  Loan fees are many times negotiable and some are simply illegitimate or not necessary.  You can also compare with a second lender.  This is why investigating and comparing lenders are critical to getting a great and fair mortgage loan! Learn more or download my book “Navigating the Mortgage Maze” for free (for a limited time) at www.mortgagempowered.com

Tags: Financing, Home Purchasing, Mortgages, Refinancing

This entry was posted on Friday, June 19th, 2009 at 8:07 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.