Profile picture for edward56

what consist of "fees" in the mortgage quote table? Are they point fees???

I requested mortgage refi quotes from Zillow mortgage holders and one of the quote column is title "fee". What do fees consist of????
  • April 27 2009 - Winter Garden
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (1)

*Lender fees
    Credit Report
Flood Cert.
    Processing
    Underwriting
    Application
    Administration
    Discount Points
Orgination Points

*Title fees
    Title Insurance
    Escrow/Closing
    Tax Cert.
    T-17/36/19 (PUD/Envrmnt Protect/Restrictions)
    Any recording fees needed for county

*Reserves/Escrow Build
    Property Tax + 2 months padding
    Hazard Ins + 2 months padding

*Upfront Mortgage Ins. (FHA)


These are common fees that may can be in a loan.  Some might include all, some only part of the fees.  You might even see other fees not listed, but expect most of these to be somewhere in the cost of the loan.  Lenders have control over the lender fees only.  Unless you have a title company you would prefer or you know it cheaper, then expect the lender to pick a reputable title company for you.  If your going FHA, expect 1.75% to 1.5% depending on purchase or refi to be added directly to loan amount.

  • April 27 2009
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.