
My mortgage broker wants to charge these fees, reasonable? San diego, California?
I live in San diego and have pre approved by Wells Fargo. However, since the occupancy percentage on the property is low, I have to ask some help from a mortgage broker.
He got me a loan, but I think the fees is a bit high.
$400 Appraisal fee,
$ 15.75 Credit Report
$595 Processing fee
$975 underwriting fee.
$500 Escrow fee.
$125 Notary Fee
$1100 Title Insurance
$3,540 YSP paid to broker 2%
estimated closing cost of $ 5,161.75
All these fees based n Loan amount of $ 225,000 (21% down) and interest rate at 4.8% and 15-year fixed.
Are the above fees little bit too much or reasonable?
Give me your advice and suggestion.
Is it gonna be same or better contact other banks as most of the won’t approve low occupancy condos ?
Will the fee equally the same ?
real estate agent recomended me this mortgage broker.
Thanks
just make a phone call to the bank and ask. it took me one phone call, and they told me the fees up front. it is much lower. y are u paying a broker? the seller should pay the broker.
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Your Successful Career As a Mortgage Broker $14.15 Your Successful Career As a Mortgage Broker |
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The Complete Guide to Becoming a Successful Mortgage Broker $18.03 This guide to becoming a successful mortgage broker offers step-by-step instruction on how to get licensed, set up your business and develop the skills needed to evaluate the real estate market. Hughes (no credentials offered) provides a wealth of information including licensing and exam fees, insurance coverage, sales techniques, software programs and how to deal with commercial properties. Potential mortgage brokers should note that the tone here is "evergreen" and does not reflect troubling conditions in the current mortgage industry. Annotation )2008 Book News, Inc., Portland, OR (booknews.com) |
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