Please take a look-

[sal425]

First time homebuyer-

Locking today 322,700 loan @ 6.25

107,300 down

 

 

Appraisal fee 275

Credit Report 50

Lender's Inspection Fee 75

Tax related service Fee 87

Underwriting fee 300

Advance Interest 773.60

Title Examination 650

Title Insurance 806.75

Recording fee 88

Survey 130

Flood cert 25

Muni Lien cert 39

 

Does the costs look ok?

 

Many Thanks!

[NeedItNow]

sal,

 

Yeah, those fees look to be in-line.......

 

Congrads on the new house,

 

Mat

[willtygart]

And yer broker made 2% on the loan on the back...which if they did a good job, was money well earned

[NeedItNow]

Don't slip into the trap, Will. We don't know if this fellow is Alt A or even B paper for that matter....... :wink:

[sal425]

If rates continue to fall, how much would it cost to re-lock?

[willtygart]

Need It Now........I hedged my bets and looked at the underwriting fee....not many subprime or alt a lenders charge 300 bucks..that is normally a flagstar or something like that.

[NeedItNow]

Will - I see....... You have a point there.

 

Sal, I'd be interested to hear what Will says about relocking, but I can tell you our investors won't allow it. After you lock, thats it.

 

Matt