On the front lines in the mortgage foreclosure crisis, lender and loan servicer Dennis Lauria says his deepest losses are from borrowers who owe more than their homes are worth and simply mail in the keys, rather than try to work out a new payment plan. For this amount, the lender may charge you between $3,000 and $6,000. However, some lenders may offer zero points at a interest rate, which may significantly reduce your initial costs, although your payments may be somewhat higher.
