Forum Archive

Ok, so I’ve read some conflicting information and i’m hoping someone can help me sort it out. Is a loan origination fee 1)just a fee a broker/bank charges for processing the loan or 2)mortgage points (discount points) that bring down the interest rate of the loan? I can’t seem to figure this out by looking online. I think they are two different things and that the origination fee is just the fee charged for services. but alas, i’m confused.. Anyone?…?