Boston Real Estate Blog

John Ford Realty
137 Charles Street, Boston
151 Tremont Street

Boston Condos: The cost to orginate a loan rises

Boston condo loans
Did you know the cost to originate a Boston condo mortgage today, and that’s just one loan, costs over $6,000?

Some, but not all, of the high cost is a result of the Dodd Frank Act. Banks are now required to do more verifications which on average add about a week to the overall mortgage process.

Below is an interesting article on the ridiculous cost of originating a mortgage

Boston condo costs of originating mortgages