Zillow Advice RSS: Question-Discussion-Guide,Mortgage,King of Prussia- PA http://www.zillow.com/advice/King-of-Prussia-PA/mortgage/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate Lender Paid Question... http://www.zillow.com/advice-thread/Lender-Paid-Question/431483/ <br/>Hi...I am trying to understand "lender paid" -- I am looking at a refinance, I have a GFE and truth in lending forms from a broker...here are the numbers I am trying to understand:<br/>Truth in Lending, Amount Financed: 149,728.05<br/>GFE Initial Load Amount: 153,000<br/>Mortgage Load Orginator Form: Lender Paid, 1.5% of load.<br/>GFE A: Orgination of 3140 - 468.18 credit = 2671.82 . <br/>GFE B: 2511.45<br/>GFE Total Estimated settlement charges: 5183.27<br/><br/>My question is....if I have a "Lender Paid" option, then how does this make sense?<br/>-- Listed on the load origination fee is 1.5 points on 153000 = $2295 <br/>-- The GFE A bit breaks out to a to the 2295 above, plus a $845 app fee.<br/><br/>If I am lender paid:<br/>-- Am I paying an application fee?<br/>-- Why does it appear the cost is rolled into my loan?<br/><br/>Regards,<br/>~J<br \><br \>15 replies Fri, 10 Feb 2012 02:52:00 GMT http://www.zillow.com/advice-thread/Lender-Paid-Question/431483/ 2012-02-10T02:52:00Z Having trouble understanding what a reasonable cost is for my refinance.. http://www.zillow.com/advice-thread/Having-trouble-understanding-what-a-reasonable-cost-is-for-my-refinance/430995/ Hi there... I have an existing fixed 20 year mortgage (3 years in) at 4.625%.&nbsp; Original load was for 183k, current balance is 150,625, looking to refinance down to a 10 year. House value is ~475k, credit is excellent.&nbsp; I&nbsp; have received a few GFEs, in the range of 2.75%, but when i calculate out the APR, it seems like 3.3% or higher.&nbsp; The bottom line is that over the life of my loan, i would certainly save a ton in interest payments, but I can't tell if the fees involved are appropriate-- it seems fairly painful to have a $5k cost to refinance, and that is the typical range I have seen. <br/><br/>Does anyone have a sanity check for me?<br \><br \>5 replies Sun, 05 Feb 2012 17:04:00 GMT http://www.zillow.com/advice-thread/Having-trouble-understanding-what-a-reasonable-cost-is-for-my-refinance/430995/ 2012-02-05T17:04:00Z Reducing PMI mid-mortgage? http://www.zillow.com/advice-thread/Reducing-PMI-mid-mortgage/274408/ I understand that when you have approx 20% of the <a href="http://www.zillow.com/mortgage/">loan</a> paid off, that PMI will fall off under conventional loans.<br/><br/>If at the time of purchase you put 5% down, will the PMI reduce once you get to 10% equity, to the 10% down factor?<br/><br/>I ask because the factors are quite different .95% vs. .62%. If so, would the .62% be based off the original loan amount, or the remaining loan value.<br \><br \>3 replies Tue, 01 Sep 2009 14:49:00 GMT http://www.zillow.com/advice-thread/Reducing-PMI-mid-mortgage/274408/ 2009-09-01T14:49:00Z are mortgages still being approved for investment homes http://www.zillow.com/advice-thread/are-mortgages-still-being-approved-for-investment-homes/250575/ 4 replies Sat, 27 Jun 2009 22:33:00 GMT http://www.zillow.com/advice-thread/are-mortgages-still-being-approved-for-investment-homes/250575/ 2009-06-27T22:33:00Z