Benefits of TotalFee

• No Surprise Added Costs at the Closing Table.
• Determining the True Cost of Your Loan is Easy and Straight Forward.
• TotalFee Makes Lender to Lender Comparisons Easy.
• TotalFee is one bundled fee for all lender fees.

Other mortgage companies charge a multitude of fees, some legitimate, some not. A complete list of lender fees you may find other lenders charging include:

Underwriting Fee Origination Fee Discount Fee Processing Fee Tax Service Fee Flood Certification Fee

Administrative Fee Loan Setup Fee Wiring Fee Funding Fee Transfer Fee

What to Look for When Comparing Lenders:

• What are the total lender fees for a like product, rate and term?
• Do the third party fees look reasonable, and do all the expected third party fees appear to be listed?
• Taxes, prepaid and escrow items should be excluded when comparing one lender to another as these fees will be identical among all mortgage companies.

Does the TotalFee amount ever change?

No. As long as the loan program and loan parameters you applied for does not change, TotalFee will not change. In some cases, your loan amount may increase. You may decide to add a signor to your loan, or the LTV of you loan may change. In these cases TotalFee may change. Shoreline Mortgage will send you a new good faith estimate which will include your new TotalFee amount. Once you have authorized us to proceed, your TotalFee will once again be fixed and will not change again (unless something material happens to your loan application).

How can Shoreline Mortgage offer this program when most mortgage lenders and brokers cannot?

Easy .. Shoreline Mortgage is one of the top online mortgage lenders. Based on our nationwide mortgage lending experience and our sophisticated technology, we are able to accurately predict most all the costs associated with closing a loan.

Why are some third party fees and taxes not guaranteed?

The costs of such things as mortgage taxes, closing fees and title insurance varies widely by state, county and even city, additionally Shoreline Mortgage has a network of over 5,000 providers all of whom charge slightly different fees. Determining the exact costs of these types of fees is difficult. Shoreline Mortgage does however negotiate with all our third party providers to ensure you pay the lowest price available and receive the high level of service Shoreline Mortgage requires.

Read about our $1000 On Time Closing Guarantee

Shoreline Mortgage Corporation
4000 Hollywood Boulevard
Hollywood, Florida 33021
Toll Free (888) 353-1558
Phone (954) 966-1313
  Fax (954) 966-3606
E-Mail:  Loans@ShorelineMTG.com

| Apply Now |

| Home |

C o p y r i g h t © 1 9 9 8 , 1 9 9 9 Shoreline Mortgage Corporation