Mortgage Lending Service
Mortgage refinancing advice?
We are considering a refinance of a sub-prime lending rate at 9.1% fixed, 50-year Mortgages. I to knowing that when working with mortgage companies it is a good idea to get a few different good faith estimates to see if there is any added line item charges should not be there. Here are some of what they propose to charge us for. Should we question them? Loan origination fee appraisal fee Credit Report Admin & Underwriting fee Flood cert fee Tax service fee closing / escrow fee Title Insurance Endorsements artificial Serv title doc prep Admission fees Reconveyance fee Hazzard insurance premium taxes and assessment reserves With so many new fees, how can you say what is supposed to be there and which are upholstery broker? If it is clean profit, how to avoid paying those taxes – not all mortgage companies have to make some profit?
The rate you get really high! It's always good to have more than one offer. Most of the time your closing costs will always be a lot higher with a broker. I work for Countrywide home loans. I would be more than happy to look over your Good Faith Estimate and see if we can bet them I too would be curious to see if I can get you a better price. I hate to see people like yourself robbed. You can reach me @ karrie_ramel@countrywide.com or office @ 770 619 2600