| Service Provided | Service Fee Charged |
| Application Fee | 0 |
| Appraisal: No upfront deposit | Actual cost. No markup. |
| Cancellation Fee | 0 |
| Credit Report | 0 |
| Credit Supplements | 0 |
| FedEx Deliveries | 0 |
| Hidden Profit | 0 |
| Loan Processing | 0 |
| Points | You Choose |
| Rebates in excess of 1% | Refunded to borrower |
| Upfront Deposit | 0 |
If you don’t close for any reason, you do not pay.
You are not charged for credit reports or processing ever. If for any reason you change your mind and decide not to close, even after signing loan documents…you do not owe Harp Financial any fee.
You get excess rebate
All amounts in excess of the 1.00% lender fees earned on first mortgages are refunded to the borrower. You get a credit for the overage beyond one percent in escrow. Why do we give some of the excess profit back to you? Simple…our business is by referral and if you are treated right you will refer business to us and we make more just by giving you the great service and pricing that you deserve.
We work on a flat fee percentage
You know our income prior to starting the loan process. No hidden profits, ever.
Harp Financial earns a maximum of 1.00% of the new first trust deed loan amount. All points quoted include our fee. If you pay one point, the bank gives us the one point. If you pay two points, the bank gives us one point and the bank gets one point. If you pay zero points the bank gives us a rebate. Banks pay rebates to encourage brokers to submit files to them. The amounts may vary depending on how aggressive a lender needs to be to get loans.
Since Harp Financial is not keeping the extra incentives beyond 1%, we provide a program that actually benefits you…not us. All you pay is the actual lender fees, escrow and title company charges. The pricing changes daily and sometimes more than once during the day. The rebate varies from 0.125% to 2.50% or even more in some cases. The exact amount isn’t known until you lock in a rate. We can’t predict future interest rate changes, but we know that all extra credits and rebates go directly to you or it is used to benefit you. Usually we use the rebate to buy down the rate to a lower payment or pay closing costs..