A Bank is trying to charge me a 3.10% origination fee.
That seems insanely high. I thought origination fees are more in the 0.50% range.
@Jacob Stephen thats very high. Have you shopped around. You may be getting a very low interest rate therefore the bank is making money up front. That may be because you dont qualify for the loan unless the interest rate is low enough so your debt to income ratios are in line. Regardless you need to always shop around just like anything. Get a few estimates.
Ignore - the bank listed 3.10% origination fee. But 3% of that was for buying the rate down.
The bank listed the buy down again in the next section as 3%.
It was confusing wording.