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
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Updated: December 2017
