Points (or credit) & Lender Fee

There may be a charge (points) or a credit for the specific rate chosen. Points are a charge that will increase the closing costs associated with the loan. Credits will reduce the closing costs associated with the loan.

The Lender Fee is an administration fee charged by the lender.

This does not include all fees and costs associated with the loan. Additional cost can include: third party fees, taxes and other government fees, prepaids and initial escrow payments.