The loan origination fee is a charge by the lender for evaluating and preparing your mortgage loan. This can cover document preparation, notary fees and the lenderâs attorney fees. Expect to pay about 1% of the amount youâre borrowing (a $300,000 loan, for example, would result in a loan origination fee of $3,000). Points: By paying points, you reduce the interest rate you pay over the life of your loan, which results in more competitive mortgage rates. One point equals 1% of the loan amount. So if the loan were $500,000, a 1-point payment would be $5,000.
Mayor Emanuel Announces Maria Guerra Lapacek to Be Director of Legislative Counsel and Government Affairs; Names Samantha Fields as Commissioner of the Department of Business Affairs and Consumer Protection. Mayor's Press Office 312.744.3334.
DoD data analytics & government reorganization. Jamie Morin, vice president and executive director of Center for Space Policy and Strategy at Aerospace Corporation, discusses how data analytics will inform government reorganization decisions.