Mortgage Fees Would Rise Under Payroll Tax Cut Deal

by Gary and Lisa Schoeffler on December 28, 2011

in Latest News

More taxes imposed by our government without the voters approval.  This is crazy.  They have approved PERMANENT INCREASED fees attached to mortgages in exchange for a 2 MONTH payroll tax cut. 

The fee hike would apply to new mortgages and new refinances, and would last for the life of the loans…
But the

mortgage fee provision would have widespread long-term impact, considering nine out of 10 mortgages go through one of the three government-sponsored finance organizations affected.

loan — the mortgage provider would then send that extra revenue to the Treasury.

Lisa Schoeffler, CRS, ASP
Prudential California Realty
805-766-7373
GaryandLisa.com
A member of HomeServices of America, Inc.
a Berkshire Hathaway affiliate

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Gary and Lisa Schoeffler are Ventura Real Estate Professionals specializing in residential real estate. Their expertise in helping both buyers and sellers is widely recognized in Ventura County. How can they assist you today? Wondering what the market is like? Call them, they will be happy to talk with you about it. 805-320-4472

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