Hello Everyone,
I have a question about the GFE which I just received. I would like to know if it looks ok or if there is extra beef in the stew? I am a first time homebuyer and I have been posting and looking / learning from this forum for about a year or so. I put in an offer on a home, got approval from lender and received the "scary" GFE. This is what is listed on it....
INTEREST RATE: 4.875
LOAN: CONVENTIONAL
TERM:30 YEARS
LOAN AMOUNT: $164,000
800 SECTION:
LOAN ORIG. FEE @ .500%: $819.50
APPRAISAL FEE: $275.00
CREDIT REPORT: $52.00
UNDERWRITING FEE: $195.00
1100 SECTION:
CLOSING FEE: $200.00
TITLE SEARCH: $175.00
TITLE INSURANCE FEE: $970.00
1200 SECTION:
RECORDING FEE: $129.00
LOCAL TAX STAMPS: $327.80
DOCUMENTARY STAMPS: $573.65
1300 SECTION:
SURVEY: $300.00
TOTAL ESTIMATED CLOSING COSTS: $4805.95
I plan on speaking to the LO tomorrow about some of these fees. Am I being picky or do I have a legitimate gripe? I know that the credit report shouldn't cost that much, but if I complain can they make adjustments? I am also not paying any PMI
which is good, but are they getting me with the fees?
Any replies / advice would be appreciated....thanks in advance.
Oh yeah, credit scores...pulled by LO.
Equifax- 799
Experian- 797
TU- 786