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Old 09-29-2009, 03:43 PM
 
3 posts, read 16,592 times
Reputation: 13

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Hi all,

I'm looking at getting a 300k loan in the midwest and these are the fees from my mortgage broker. Anything look out of place or too high?

Thanks!

800's
Appraisal 350
Credit Report 20
Tax Servicing 70
Processing 250
Underwriting 200
Wire Transfer 35
Administration Fee 185
Flood Certification Fee 19

1100's
Settlement or Closing Fee 150
Document Preparation Fee 50
Title Insurance Fee 225
Courier Fee to Title Company 40
Email Fee to Title Company 20

1200's
Recording Fee 29

Total Fees 1643

Last edited by karate_y2k; 09-29-2009 at 04:06 PM.. Reason: Grammer
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Old 09-30-2009, 09:21 AM
 
Location: Plano, Texas
1,673 posts, read 7,018,907 times
Reputation: 697
Those are very reasonable. I would suggest that you ask the lender if you paid one point how much lower the rate will be. Getting a rate is like buying anything, pay more get a better rate. If you pay a point, you should get a rate of 4.75% today for a 30 year fixed rate.
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