Loan origination fees for mortgages typically range from 0.5 % to 1 % of the total loan amount, depending on the borrower's credit score and the loan's term length and size. (valuepenguin.com)
Also, keep in mind that lenders may hide a portion of high interest rate charging loan origination fee or loan application fee. (personalmoneyservice.com)
Both loans require expenses such as loan origination fees, lender servicing fees, and closing costs. (americanadvisorsgroup.com)