Points and Fees

Several regulatory agencies set limits determining what are “fair” fees for loan companies to charge when originating a loan. Ameriquest goes out of its way to keep its fees low, far lower than any regulatory agencies recommend. In fact, the average standard processing fee at Ameriquest is less than one percent -- which is considered very low by industry standards.

In addition to low origination fees, when Ameriquest uses a third party in the lending process, all third-party fees are passed to the customer with no mark-up. This policy is not customary in the industry but it is a policy that saves Ameriquest’s customers hundreds of dollars on each loan.

Discount points on mortgage loans are limited at Ameriquest to a maximum of five percent of the loan amount or they are set to the state limit if that amount is lower.

Customers seeking a mortgage loan at Ameriquest are not only guaranteed one of the lowest interest rate structures and one of the lowest point structures in the industry to begin with, but customers may choose an even lower interest rate by paying higher origination fees, or they may choose a higher interest rate and pay lower up-front fees. Either way, the customer is in charge. This is simply one additional customer-oriented feature of Ameriquest mortgage loans.

The price of an Ameriquest loan is set by a standardized risk-based pricing model to insure that all customers, regardless of race, color, national origin, religion, handicap, marital status, gender preference or any other potentially discriminatory practices get fair and equal treatment when it comes to being approved for an Ameriquest loan.

Ameriquest loan officers are not allowed to increase rates to any individual borrower, so all borrowers can rest assured that they will be treated fairly, equally, and with respect when they apply for a loan through Ameriquest.