When you take out a loan, your lender charges interest for the privilege of borrowing. The higher your interest rate, the higher your costs over the life of the loan. The lower your rate, the less you pay. But some types of loans also have fees added on top of interest. With mortgages and personal loans, for example, you’re likely to see origination fees. Here’s what to know about origination fees, how they work, what they cost, and more. What are origination fees? An origination fee, sometimes known a ...