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A is loan costs. Looks like you bought down your rate. Nothing abnormal there. I've seen lower processing and underwriting fees, but these aren't excessively high.
B is also normal.
Now, C.
Disclaimer- I only work directly with refinances, not purchases.
Your title fees seem high for California.
For that loan amount, and off the top of my head, our lender's policy would probably be around $450 (for sure no higher than $580). **But again this is a refi number- I do not ever deal with purchase in California. I would expect the number could be somewhat higher for a purchase over a refi, but this is excessive to me.
Our Closing/settlement fee will depend on the lender, but it is usually $415 in California.
The rest of the title fees aren't charged by every company. While none of them are high, the number of them seems excessive. Especially for California where things are easy to record. Most of those itemized fees are covered by our closing/settlement fee. Granted, I know purchase will have more of those smaller fees than a refi, but it still seems very excessive for California.
How close to closing are you? If you have time, look into a different title company.
It was the choice of the sellers RE agent. I'm very late in the process, near to closing.
Then get on the phone with your agent today and see what can be done. By my rough math, you are overpaying more than $2K in title fees. Probably closer to $3K to be honest.
Then get on the phone with your agent today and see what can be done. By my rough math, you are overpaying more than $2K in title fees. Probably closer to $3K to be honest.
Thank you very much. Just did it and got 2000 total discount. It's just amazing how is like a Persian bazaar.
Same company. Just told them that I'm going to go to another company and delay the closing. It's like to buy a used car.
So crazy. They must get away with it though!
For a refi in California with that loan amount, we would have charged Lender's Title- $450, Recording Service- $15, Settlement/Closing Fee- $415 (for almost all of our lenders) and the recording fee depends on how many pages your mortgage is. We only charge the exact fee the county charges. It could range from around $50-100 in California. Possibly a $14.50 loan payoff fee if it is not a same lender refi. (Meaning you had Wells Fargo and are going with BOA. If you stayed with the original lender, this fee is waived because we don't have to request a payoff.)
There could be other fees if there is a deed, subordination, POA, or some other elective services.
Like I said, we don't negotiate, but we also don't try to fleece anyone, lol.
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