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Originally Posted by jay santos
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c. Mortgage Company. Loan origination fee, credit report, processing fee, appraisal. Credit report costs $15. They will try to charge $50. Processing fee is legit at 300 or 350. Appraisal they may try to squeeze profit in. You can shop appraisers. The main thing is to get it all quoted up front in the good faith estimate.
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Go direct to a few local lenders and ask for their rate with no points. I do and never have paid a "mortgage company" a cent. I can go to bankrate.com or Lending Tree and have some assurance they are fair rates. I can see if you have a sketchy credit report or are trying to really stretch your credit limit you might have to hire a guy to shop your deal for you.