Mortgage Closing Co$t

please help me in reducing fees.

in my closing statement, I have a loan and the fees



pocessing fee 344

underwriting fee 488

doc prep 277

Admin fee 433



closing or escrow fee 160

notary fee 44

title insurance 555

endorsements 299

courier wire fee 55

Does anybody know a forum where I can research more to lower my fees? multiply by 12 a yr. it will eat me up badly.

I change the values for posting purpose.

Thank for your time and assistance.

Comments(3)

  • fmmp8th March, 2006

    Ask the seller to pay the fees. If you are financing this via a bank find out how much they will allow the seller to kick in and request them to pay that amount in your offer to purchase.

  • Stockpro9911th March, 2006

    These fees are not a big deal and are standard and maybe even low for industry standard.

    What you should be worried about that you did not even cover is 1. the loan origination fee & 2. The yield spread premium or back end.

    These could have cost you thousands and I expect they did... All rolled into the loan.
    [addsig]

  • finniganps1st April, 2006

    Learjet66 - I received your e-mail, but I need your e-mail address to reply with the local recommendation. Please resend your e-mail and include the e-mail to contact you.

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