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.
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.
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]
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