06-30-2010 12:52 PM - edited 06-30-2010 01:39 PM
Can someone please review my GFE
FHA down payment 3.5%
Interest rate -5.25
Loan Origination fee- 1.0 $2412
appaisel fee- 500
credit report 18
processing fee- 750
closing escrow fee- 1500
notary fees 225
06-30-2010 08:36 PM - edited 06-30-2010 08:36 PM
I am pretty sure I responded to you at the other forum we communicate at, my reply was:
If your credit scores are 620+ then this isn't looking good at all, very high fees for that interest rate. Should be at least about .5%-.75% lower in rate and no origination fee. Get a 2nd opinion.
I didn't see your scores in your other post though, so since I see them in your signature now... definitely without a doubt get a 2nd opinion.
06-30-2010 09:32 PM - edited 06-30-2010 09:34 PM
My total including the down is 21,000. How much is your loan for and what's your interest rate?
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