It’s simple: if we don’t save you money on your mortgage’s origination fees or secure additional lender credits, you pay nothing. If we do save you money, our fee is 20% of whatever you save. We only charge you after you’ve closed on the loan and confirmed your final loan terms.
Interest Rate: 6%
Points: 0
Origination Fee: $1,000
Lender Concessions: $0
Interest Rate: 6%
Points: 0
Origination Fee: $0
Lender Concessions: $4,000
You would have paid your lender a $1,000 origination fee before using LoanTiger, but with LoanTiger, your lender will be paying YOU $4,000.
Total Savings = $5,000
Our fee is 20% of $5,000, which is $1,000. You keep $4,000 in your pocket!