Zillow Advice RSS: Question-Discussion-Guide,Costs and Fees,NC

(North Carolina) divorced 5 years; loan still in mine and ex-husbands name i am currently trying to

Sat, 26 Jan 2013 21:46:00 GMT

3 replies

What is a "normal" points to reduce the interest rate 0.25%? 0.5%?

Thu, 16 Aug 2012 00:24:00 GMT

5 replies

Residential Investment mortgages

Mon, 05 Sep 2011 21:46:00 GMT

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0 replies

are you allowed to use your $8k as a down payment or for closing costs?

Sun, 11 Apr 2010 12:19:00 GMT

ae you able to use your tax credit toward closing or as a down payment?

2 replies

I recieved a GFE from a local bank and am wondering if the total estimated settl charge seem high

Thu, 21 Jan 2010 02:02:00 GMT

The specifics are a $417K loan, with 100K second loan.
The house is $575K and I am putting 60K down (10%)

My credit score is 787, with essentially no debt of any kind.

The Total Estimated Settlement Charges I've been quoted in this are:

A: Adjusted Origination Charges $4870.00
B: Charges All Other Settlement Services $5406.00

Total $10,276

Does this seem high?

Many thanks,
Stephen

13 replies

Lender was to pay for some of the origination fee...

Thu, 13 Aug 2009 14:49:00 GMT

...in his GFE. That was before I paid him for the appraisal and signed the papers. He called me the other day and updated me on the rate and informed me that he can still pay the underwriting fee but cannot pay for the origination fee that he put on the GFE. Should I hold him accountable or just figure it as a loss since it was only an estimate? Please advise.

24 replies

Closing costs for NC

Mon, 06 Jul 2009 17:52:00 GMT

Loan amount 207570 rate 5.25 30year FHA with cash out of 26589.48
origination fee 1556.78
appraisal 350
tax related service fee 72
underwriting fee 695
Application fee 699
flood cert 13
attorneys fees 150
title 659.40
title search 400
transmittal fee 75
title exam 50
release fee 35
recording 75
estimated closing costs 4480.18
interest 15days 454.06
mortgage insurance premium 3570
hazard insurance premium 309.96
mortgage insurance premium reserves 85 a month
taxes 727.32
estimated prepaid items reserves is 5061.34
total settlement charges 9541.52

Does this seem right? I was not offered to roll the mip into the loanand should this be something that I do?

13 replies

Is $3,593.00 to much to pay for closing costs on a $111,200 loan amount?

Sat, 21 Feb 2009 04:11:00 GMT

I was quoted estimated closing costs of $3,593.00 which includes 1 point- total costs estimate = $3,593.00. Loan amount = $111,200 @ 5.5% interest rate / 5.797% apr. Would this mortgage package be a good opportunity considering other mortgage packages available? Are the closing costs to high? Is 1 point exceptable considering the interest rate and loan amount of only $111,200?

4 replies

If I'm buying a home within the next 30 days with an "FHA loan", ...will I Qualify for the 10% or up

Fri, 06 Feb 2009 09:06:00 GMT

If I'm buying a home within the next 30 days with an "FHA loan", ...will I Qualify for the 10% or up to $15000.00 Tax credit? Since they are saying "This tax credit is for ANY home buyer, buying existing homes for sale?
IT'S BEEN WIDELY STATED THAT THIS TAX CREDIT WOULD APPLY TO "ANY", BUYER OF A HOME ON THE MARKET.?
ALSO,IF WE HAVE ALREADY APPLIED FOR THE LOAN, MAKING AN OFFER ON A HOME, WILL THIS TAX CREDIT BE MADE AVAILABLE TO US?
Any help would be appreciated on these questions.
Regards,
M.

3 replies

Why do I need Title Ins. on a Refi. I did that when i purchased the home 8 yrs ago?

Wed, 04 Feb 2009 00:58:00 GMT

9 replies