Iowa Bankers Association Iowa Bankers Insurance & Services, Inc.
Iowa Bankers Association
8800 NW 62nd Avenue
Johnston, IA 50131
Toll-Free: 800-532-1423
Local: 515-286-4300
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Want to Refinance Your Home Loan with Record-Low R

:Want to Refinance Your Home Loan with Record-Low Rates? Get Ready for a Hefty Fee

Starting next month, all home mortgages that are refinanced will have to pay half of 1% of the loan. In other words, $1,500 for a $300,000 mortgage. “It will be passed along to the consumer,” says Bob Broeksmit, president of the Mortgage Bankers Association. He blames the Trump administration-appointed regulators at the Federal Housing Finance Agency who approved the new fee.
https://www.opb.org/article/2020/08/15/house-refinance-low-rates-hefty-fee/

 

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