Why do Loan Costs and Fees Vary So Much?  Westcoe Realtors,
Riverside California…The question for today’s topic comes to us
from one of our regular readers, and we get her frustration. 
Why is there such a difference from lender to lender on the cost
and fees associated with getting a new home loan?  So…let’s wade
in here and see if we can remove some of the confusion.
First…understand that money is like bananas…it goes on sale
occasionally just like those green bullets your grocery store
tries to pass off as bananas!  Seriously here, it may help to
think of loan money like fruit.  Sometimes, fruit is out of
season (think peaches, apricots, etc. this time of year), and so
the stuff in your grocery store is imported from Chile…making
the price per pound much higher in January than in July.  Now…if
your local grocer wants to run his peaches at a lower price to
attract customers, then so be it…and that is just what happens
with loan money.  Banks compete with each other, and sometimes
in order to gain more busi