Posted by tnotary on 7/15/05 1:02pm
Msg #52481

piggyback

If a client is refinaning and they are also getting a line of credit is the loc considered a piggyback or is it a second loan? The ss is trying to pay me a piggyback fee for the loc. Help is this correct?

Reply by Charm_AL on 7/15/05 1:04pm
Msg #52482

That's a piggyback and you should get extra for it

Reply by tnotary on 7/15/05 1:05pm
Msg #52483

how much? both loans are 90 pages long!! my goodness it should be considered a separate loan.

Reply by Charm_AL on 7/15/05 1:12pm
Msg #52485

everyone has their own fee schedule...personally, the lowest I would go in my area is 75. and 50. plus e-doc fee if there are edocs. You have to determine what you think is fair and negotiate with the company.

Reply by Melody on 7/15/05 1:21pm
Msg #52486

I agree with Charm on SS piggyback fees. ~n/m