My Experience with an Upfront Mortgage Lender - Aimloan.comFor the benefit of those curious about upfront mortgage lenders, I thought I would start this thread. Today (Oct. 8th) I locked in a 5/1 ARM at a rate/closing cost combination which I thought was pretty good after comparing it with almost 5-6 lenders. Let's hope there are no nasty surprises at the end. I'll keep you posted on my experience as I move towards closing. here's the deal I got and locked today.Loan type: Refinance with no Cash -outLoan Amount : 252,000Estimated LTV based on Zillow: 80%Credit Score: 748Property located in Florida (Alachua County)5/1 ARM rate: 4.125%Total aimloan fees: 1,995 (guaranteed)Total 3rd party fees (includes appraisal, closing agent fee and title insurance):1,312 (guaranteed)Government Fees (includes recording fee, documentary stamps and intangible tax): 1,451 (doesn't say guaranteed)Guaranteed Lender rebate : 4,571 Net Closing Costs (excluding prepaid interest and escrow advances) : $187I took the option to escrow (even though my ltv was below 80% because the lender rebate was higher. Without escrow, everything else was the same but my net Closing Costs were $817 because of a lower lender rebate. To lock the rate, I paid $300 through a credit card towards the appraisal fee.October 08 2009 - Alachua0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.