My apologies in advance for the newbie post...
I've recieved a couple of GFE's (.pdf format) that I would like advice on but cant figure a way to post them here in my thread.
Can anyone assist?
www.fileden.com let's you upload any type of file. Then you can just post a link to your .pdf. Or you can just copy & paste each item of your GFE into a post.
When I made my post about understanding the GFE I took pictures of each page of the .pdf, saved them as an interlaced .gif file, uploaded them to ImageShack.us, and then posted the pictures in the message. A little more complicated but then you see the image rather than clicking on the link to see what I was describing.
Hey - thanks Shane!
Here are the links.
My credit is over 780 from all three bureaus.
Please let me know what you think.
Shane youre exactly right. The first ones were from 25 Nov 08 and the NVR ones were from today.
On the NVR GFE they are paying most of the 800 fees.
On the first ones the 10k closing cost assistance is an incentive that wont be available until January. They are contributing $5 for every $1 that I contribute in a down payment match program.
Does that mean they are only offering the incetive program as bait only to jack up their closing costs in the end?
I thought there were sections that couldnt be adjusted and were set by the state on a GFE but in comparing the two I see that I was wrong...
1201 Government Recording Fees: Lender A = $150 and Lender B = $32
Ok - here is the latest and greatest recieved today for an apples to apples comparison.
I asked why they are charging me points and loan origination fees for a 30 year FHA loan just to get the rate down from their 6.5% to 5.375% while the national average (according to Bankrate) and NVR Mortgage are both closer to 5.5% with no points.
His response was...
I didnt know that - thanks Shane and I agree that if they could have offered it to me in the first place then they should have but I also understand that these rates change daily (from your previous post).
Within an hour of my email theyve adjusted to match NVR at 5.5% with no points and 5.250% with one point.
All fees remained the same.
With their GFE I am paying:
Processing Fee $280
Underwriting Fee $350
Application Fee $100
Document Preparation Fee $250
Closing or Escrow Fee $295
Title Exam Fee $150
Title Binder Fee (Mead / Trapper Keeper?!?!) $75
Abstract Fee?!? $100
Settlement Recording Fee $75
Survey Fee $250
None of these appear on the NVR GFE as a cost to me and they total about 2k.
Should I try and negotiate (any or all) of these fees?
I dont even understand most of them - Whats the difference between "Document Preparation" and "Processing" and why do they cost so much?