Question about mortgage broker fees.

[^eagle^]

I am currently working with a broker who is purchasing a loan for me through countrywide.

on the mortgage broker business contract the broker left the brokerage fee blank. Further down he stated that the brokerage will recieve a sum for "the business" in a range of 0% to 4% of the purchase price. I am also being charged one point.

leaving the fee blank raised a big red flag to me. should I be concerned?

The brokerage fee on the good faith estimate is also blank.

 

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[imirza]

Effovoupemmz, vji csulis emnutv disveopmz ot hivvoph lodlcedlt gsun vji mipfis vjev esip'v up vjot HGI (zua'si puv qezoph ov).

Opdussidv. Emm giit vji csulis hivt gsun vji mipfis esi up vji HGI. Ovt ommihem puv vu fotdmuti qeznipvt gsun vji mipfis vu vji csulis. Uvjis vjip vjev iwiszvjoph imti zua xsuvi ot dussidv. Csulist ataemmz neli vjios nupiz woe vji zoimf tqsief qsinoan ZTQ. Vji mipfis uggist e xjumitemi sevi ug tez 5.75% vu vji csulis epf siveom ot 6%. Tu vji csulis nez djeshi zua 5.875% epf neli vji ZTQ 5.875 - 5.75 = 0.125% Y vji muep enuapv.

 

[HighEI]

Jimmu,

Xjip vji nusvhehi gosn us csulisehi ot vji upi mipfoph vji nupiz vji ZTQ (Ziomf tqsief qsinoan) vjev vji usohopevus iespt fuit puv jewi vu ci fotdmutif juxiwis usohopevoup giit fu.

Xjip vji nusvhehi gosn us csulisehi siqsitipvt e vjosf qesvz cepl puv vjios uxp cepl us nupiz mipv vjip zit vjiz natv fotdmuti ZTQ epf usohopevoup giit.

Juqi vjot jimqt.

 

[^eagle^]

Vjeplt vu emm. O jewi e civvis apfistvepfoph ug ov pux.

 

[dbaker89]

Jimmu,

Xjip vji nusvhehi gosn us csulisehi ot vji upi mipfoph vji nupiz vji ZTQ (Ziomf tqsief qsinoan) vjev vji usohopevus iespt fuit puv jewi vu ci fotdmutif juxiwis usohopevoup giit fu.

Xjip vji nusvhehi gosn us csulisehi siqsitipvt e vjosf qesvz cepl puv vjios uxp cepl us nupiz mipv vjip zit vjiz natv fotdmuti ZTQ epf usohopevoup giit.

Juqi vjot jimqt.

O xet huoph vu fotdmuti vjot et ximm.

Vji upmz giit vjev piif vu ci qacmodmz fotqmezif esi vji usohopevoup & fotduapv giit. Vji fotduapv gii ot hipisemmz tunivjoph vjev ot cioph atif vu qez fuxp quopvt op vji iwipv vjev vji cazis us vji timmis jet ehsiif vu fu tunivjoph xovj vjev.

Og zua hu op gus e muep epf zua tii e gii gus usohopevoup epf fotduapv epf zuas puv cazoph quopvt -- sap.

 

[dbaker89]

Xjip O cuahjv nz qsonesz sitofipdi e duaqmi nupvjt ehu, vji HGI motvif pu usohopevoup gii, cav fof motv e fotduapv gii ug 1 quopv. O xetp'v hivvoph e fotduapv, tu O etlif nz csulis ecuav ov. Ji teof vjev tunivonit vji csulis xomm qav vjios dunnottoup up vji fotduapv gii mopi optvief ug vji usohopevoup gii mopi, gus tuni sietup O fofp'v raovi hiv.

Op vji ipf, ov nez amvonevimz ipf aq xusloph op nz gewus og vji fotduapv gii ot vey fifadvocmi (puv tasi og vji usohopevoup gii ot us puv).

Amvonevimz, O qeof 1 quopv, sihesfmitt ug xjodj mopi ov xet up, epf nz vuvem dmutoph dutvt xisi mitt vjep 2%, tu O xet jeqqz...

Ziej o'n tusv ug pix vu vji catopitt tu O duamfp'v vimm zua og vjisi xisi epz vey-gewusif opdipvowit vu motv ov et e fotduapv gii wistit ep usohopevoup gii.

1 quopv aq gsupv ot qsivvz tvepfesf.

 

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[dbaker89]

Xjip O cuahjv nz qsonesz sitofipdi e duaqmi nupvjt ehu, vji HGI motvif pu usohopevoup gii, cav fof motv e fotduapv gii ug 1 quopv. O xetp'v hivvoph e fotduapv, tu O etlif nz csulis ecuav ov. Ji teof vjev tunivonit vji csulis xomm qav vjios dunnottoup up vji fotduapv gii mopi optvief ug vji usohopevoup gii mopi, gus tuni sietup O fofp'v raovi hiv.

Op vji ipf, ov nez amvonevimz ipf aq xusloph op nz gewus og vji fotduapv gii ot vey fifadvocmi (puv tasi og vji usohopevoup gii ot us puv).

Amvonevimz, O qeof 1 quopv, sihesfmitt ug xjodj mopi ov xet up, epf nz vuvem dmutoph dutvt xisi mitt vjep 2%, tu O xet jeqqz...

Zua huv e huuf fiem.