bakes781

Well the loan and deed are intended to be in my name alone. I'm sill waiting to hear back on the loan application and just wanted to reassure myself & mostly her.

She has AAA so I wanted to be able to take advantage of the discount, but she's afraid they will run her credit and it will raise our rate. Is this a legitimate concern or do we have nothing to worry about? We live in Boston fwiw. Thanks

Yeah $6,312.23 is the total estimated settlement charges. So if I subtract FHA UFMIP $1,350 that is my actual closing cost? Believe me I have tried to get them to explain it to me and they couldn't care less.

3.75% which is the same as before. I'm still learning all of this on the fly, so if the $6300 is my closing cost and the seller is contributing $4200 towards that, than I'm supposed to be coming up with an additional $2100 on top of my down payment of $4900?

So I finally received a revised GFE... Sales Price $139,900.00 Appraised Value$139,900.00 Loan Amount$136,353.00 LTSP Ratio97.47%LTAV Ratio96.50%Down Payment$4,897.00 Processing Admin$245.00 Commitment Fee$645.00 Settlement Service Fee$202.50 Interest $14.0091 / Day$308.20 FHA UFMIP$1,350.00 MI Paid in Cash$0.03 Attorney Fee$675.00 Courier Overnight$35.00 Total Prepaid Finance Charge$3,460.73 Appraisal Fee 445.00 Tax Service 66.00Settlement Service Fee 202.50 FHA UFMIP 1,350.00MI Paid in Cash 0.03Title services & lender's title insurance1,260.00owner's title insurance280government recording charges300Initial deposit for your escrow 242.5Daily interest charges308.2Home Owner's Insurance968Subtotal5,422.23Origination charge890.00Total6,312.23 The loan amount looks to be correct now, but why isn't the settlement(closing cost) much lower?

Well if I knew I wouldn't be a 1st time homebuyer lol All I know is the closing cost is way more than we had anticipated. Here are the #s Sales Price $139,900.00 Appraised Value $139,900.00 Loan Amount $132,262.00 LTSP Ratio 94.540% LTAV Ratio 93.605% Down Payment $4,897.00 Processing Admin$245.00 Commitment Fee$645.00 Settlement Service Fee$202.50 Interest $13.5887 / Day$326.13 FHA UFMIP$1,309.00 MI Paid in Cash$0.53 Attorney Fee$675.00 Courier Overnight$35.00 Prepaid Finance Total$3,438.16 FHA UFMIP 1,309.00Appraisal Fee 445.00 Settlement Service Fee 202.50 MI Paid in Cash 0.53Tax Service 66.00Title services and lender's title insurance1,551.00Owner's title insurance327.5Government recording charges300Initial deposit for your escrow account1,189.15Daily interest charges326.13Homeowner's insurance531.54Subtotal6,248.35Origination Charge890Total 7,138.35

This is my 1st post on here and I am a 1st time homebuyer. I have an agreement on a house for $140k. I've already paid for the inspection & appraisal. Yet I'm still waiting on a GFE(Good Faith Estimate) from my broker. He technically sent me one last week, but by his own acknowledgement it was incorrect. So I've been in contact with his office via email & phone on numerous occasions and still haven't got a revised GFE. From my limited understanding of the process it is required by the lender to provide me with a GFE within 3 business days of receiving my loan application. When I told this to my broker last night he got defensive and said the one he gave me last week complies with that law. But I said that GFE was incorrect so how does that even count? At that point he threatened to drop the loan altogether and I said no I want to see this though. However my P&S is due by Monday & I'm starting to think I need to look elsewhere for my mortgage. I'm in panic mode, so I'm here reaching out to find answers or at least what my options are here?