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2 Comments

1. Paul Sidhu says:

   November 24, 2009 at 12:00 pm

   An origination fee, otherwise known as a brokers fee, is usually charged for harder to place loans, which generally requires a lot more work than the average mortgage. This includes cost of preparing, evaluating, and submitting your proposed mortgage loan.  In most cases there should not be any fee charged.

   Paul Sidhu, Principal Mortgage Broker at KTX Financial Ltd.

   Neither Kanetix® nor the KanetixForum.ca is a mortgage broker or agent. Although this information has been passed along to you from KTX Financial through the Forum, we are not responsible for the opinions expressed by them. Mortgages can be complicated. When reading these answers, keep in mind each person’s situation is unique. Individual responses may vary depending on your lender, geographic location, and specific circumstances. If you have a similar situation, always speak with your mortgage provider, or a licensed mortgage representative, for terms and conditions that may apply to you.
2. reeaz says:

   November 24, 2009 at 3:15 pm

   Thanks. I’ll be looking into this further.

   Cheers