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    Mortgage Fees Would Rise Under Payroll Tax Cut Deal

    More taxes imposed by our government without the voters approval.  This is crazy.  They have approved PERMANENT INCREASED fees attached to mortgages in exchange for a 2 MONTH payroll tax cut. 

    The fee hike would apply to new mortgages and new refinances, and would last for the life of the loans...
    But the
    mortgage fee provision would have widespread long-term impact, considering nine out of 10 mortgages go through one of the three government-sponsored finance organizations affected.

    The new fee increase would amount to about $15 a month more for a $200,000 mortgage, according to a senior Democratic official.

    That's $180 a year, or $360 a year for a $400,000 mortgage. Homeowners would have the fee hike built into their

    loan -- the mortgage provider would then send that extra revenue to the Treasury.
    http://www.foxnews.com/politics/2011/12/17/mortgage-fees-would-rise-under-payroll-tax-cut-deal/

    Lisa Schoeffler, CRS, ASP
    Prudential California Realty
    805-766-7373
    GaryandLisa.com
    A member of HomeServices of America, Inc.
    a Berkshire Hathaway affiliate
    • 28 December 2011
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  • Gary and Lisa Schoeffler's Space

    Enjoy the peace of mind that comes with relying on an experienced and trusted team of advisers. With a combined 70 years of experience behind them they have a proven track record and hundreds of satisfied clients to reflect their dedication and professionalism. Gary is the Associate Broker for the Prudential Ventura office. The team was awarded the Chairman's Circle Award for 2009, a distinction which is given to the top 2% of Prudential's 60,000 sales professionals. Lisa combines her extensive sales and marketing background with a Bachelor of Arts degree in Management and a minor in Economics. Lindy, a Ventura County resident for 40 years, is an amazing resource to anyone relocating to this area as well as those who wish to remain here.

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  • About Gary and Lisa Schoeffler

    Enjoy the peace of mind that comes with relying on an experienced and trusted team of advisers. With a combined 70 years of experience behind them they have a proven track record and hundreds of satisfied clients to reflect their dedication and professionalism. Gary is the Associate Broker for the Prudential Ventura office. The team was awarded the Chairman's Circle Award for 2009, a distinction which is given to the top 2% of Prudential's 60,000 sales professionals. Lisa combines her extensive sales and marketing background with a Bachelor of Arts degree in Management and a minor in Economics. Lindy, a Ventura County resident for 40 years, is an amazing resource to anyone relocating to this area as well as those who wish to remain here.

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