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Bank of America is also now offering a $0 lender origination fee on certain mortgages. Origination fees are typically between 0.5% and 1% of total loan amount, meaning on a $250,000 loan, borrowers likely pay somewhere between $1,250 and $2,500 in origination fees.
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But that’s not all the bank is now offering to try to earn borrowers’ mortgage business. Bank of America is also now offering a $0 lender origination fee on certain mortgages.
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