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Republic OH (NC OH) | those fee don't seem out of line. i have seen them 3-4 times that amount.
most people don't care cause they are just added to the loan. most don't want to
pay any out of pocket money. your lender should/must have given you an
estimated cost settlement. the respa rules were changed a few years back.
during the sub-prime lending most people had no idea of the closing cost till
they were at the closing table. usually the cost were a lot higher than what
they were told but nothing was in writing. now you should have the estimated
closing cost and the terms of your loan with the interest rate and payment.
you can take this information and shop your loan to different lenders and to
different title companies. one to thing remember is that these numbers are most
likely to be inflated. when the respa laws changed if the lender under estimated
any of the cost, they have to pay the difference, same with the title companies.
this was to eliminate the very low loan cost and then jacked them up at closing.
this was difficult to explain to people buying homes.
hth
good luck! | |
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question for those who have recently bought a house...
