Michigan Fee Schedule — Secondary Mortgage is a document outlining the fees associated with obtaining a secondary mortgage in the state of Michigan. The fees vary depending on the type of loan, the amount of the loan, and the lender. Generally, the fees include a loan origination fee, a loan discount fee, an appraisal fee, a credit report fee, a title search fee, a title insurance fee, and a recording fee. There are three types of Michigan Fee Schedule — Secondary Mortgage: Standard, Enhanced, and Special. The Standard Fee Schedule applies to most conventional loans and provides the lowest fees. The Enhanced Fee Schedule is designed for higher-risk loans and includes higher fees. The Special Fee Schedule applies to FHA and VA loans, and includes fees that are higher than the Standard and Enhanced schedules.
Michigan Fee Schedule - Secondary Mortgage
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