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What Is a Loan Origination Fee?

By Kristi Waterworth – Updated Nov 20, 2024 at 9:23AM

Key Points

  • Loan origination fees cover admin costs and are around 1% for mortgages, possibly higher for personal loans.
  • You can finance these fees into your mortgage if your home’s value allows or opt for no-fee options.
  • Reducing fees may involve choosing fee-free loans, utilizing assistance programs, or negotiating personal loans.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

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