How do I know if my sub prime mortgage is charging me too much?

Normally, the fees on your mortgage (not including taxes and insurance) shouldn't add up to be more than 3% of the loan amount. Buying down the interest rate or buying out pre-pay penalties may raise the amount you pay in fees, but otherwise, 3% is pretty standard. If a broker tries to make you pay more than that, he obviously isn't interested in getting you a good deal.

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