origination fee: Closing Costs..Know your numbers before you go to the closing table! Some helpful tips on what you can negotiate and what you can't...
- 03/28/12 07:20 AM
It’s important to know the numbers and understand how you can negotiate with your lender and in some cases the seller to help you get these numbers down. When you fill out a loan application the bank, loan officer or broker has 3 days to provide you with a good faith estimate. This good faith estimate (GFE) will show fees and credits. Because we now have a new (GFE) that is not easy for some to read I provide a fee sheet that breaks down all the fees line by line. If you don’t get this from your lender ask for it. HUD has also provided … (0 comments)
It’s important to know the numbers and understand how you can negotiate with your lender and in some cases the seller to help you get these numbers down. When you fill out a loan application the bank, loan officer or broker has 3 days to provide you with a good faith estimate. This good faith estimate (GFE) will show fees and credits. Because we now have a new (GFE) that is not easy for some to read I provide a fee sheet that breaks down all the fees line by line. If you don’t get this from your lender ask for it. HUD has also provided … (0 comments)
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