A mortgage lender's fee is onerous, but necessary to insure the security of both their future income and yours. A loan application may be completed in one day or you can take it home with a Good Faith Estimate so that questions don't come up after closing which could make your life difficult even before you move into your new house. A mortgage lender's fee should not discourage buyers from welcoming an opportunity to get started on securing loans for properties they plan to purchase because these fees are calculated as small percentages of the value of what would become their property investment if approved at closing time - unless there is some disagreement between buyer and seller over certain conditions still open for negotiation like repairs needed prior to transfer deeds being finalized along with documenting any concerns about We all know that when we get a mortgage, there are many fees associated with the process. One of these is called an origination fee or processing fee which can range from 0 to 2% and it's due at closing. This price needs to be disclosed on your GFE before you complete any loan application so make sure you're aware! An origination fee is one of many costs associated with getting a home equity loan such as 1-2 percent originating charge for processing the home equity line in order to fund loans faster than conventional methods allow.