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Mortgage Brokers and Fees

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LisaW
Time for me to FLY!

Member since 5/05

13199 total posts

Name:
Did I ever tell you that I hate people?

Mortgage Brokers and Fees

We are using a mortgage broker paid by the lender. We got our good faith estimate and I noticed that there is a credit report fee ($30), underwriting review fee ($525), appraisal fee ($300), application fee ($250) and processing fee ($295) to be paid by us.

Are these normal fees or am I getting screwed?? Chat Icon

Thanks

Posted 5/28/05 8:58 PM
 
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skew
LIF Adult

Member since 5/05

6794 total posts

Name:

Re: Mortgage Brokers and Fees

the fees are normal but the dollar amount can vary. i don't think we paid for the credit report and i think the underwriting fee was a good deal less than your quoted $525.

Posted 5/29/05 9:35 AM
 

sasha96
lovin' my 2 little ladies!

Member since 5/05

7401 total posts

Name:
Julianne

Re: Mortgage Brokers and Fees

both last time buying and this time, our broker didn't charge us for the credit reports or the underwriting review. The appraisal is right on target with what we've paid and the application and processing fees are right, give or take $50 as compared to us.

I think the fees vary based on the price, but ours didn't vary between the two homes (3 years apart), except the processing fee which was much higher the first time around (when the home was less $$). I don't get that but I'm not complaining about less $.

Posted 5/30/05 9:36 AM
 

-Lisa-
---------------

Member since 5/05

6530 total posts

Name:
Lisa

Re: Mortgage Brokers and Fees

I didn't recall having to pay any of those fees other than the appraisal so I looked up what we did pay.

There were no fees for the application, credit report, underwriting or processing. We didn't pay ANY fees to e-Loan at all.

Mortgage brokers are awful with their fees. Are you too far along to switch lenders?

Message edited 5/30/2005 5:52:54 PM.

Posted 5/30/05 5:48 PM
 

cjb88
Little Brother

Member since 5/05

3540 total posts

Name:
C

Re: Mortgage Brokers and Fees

our attorney calls them "junk fees" send them along to your attorney first to check them out...

Posted 5/30/05 10:24 PM
 

LisaW
Time for me to FLY!

Member since 5/05

13199 total posts

Name:
Did I ever tell you that I hate people?

Re: Mortgage Brokers and Fees

Thanks girls! I am going to talk to my attorney and then talk to the broker.

Lisa, I didn't sign anything yet, just faxed her all our info. All these charges were on the GFE she sent.
I'm ****** b/c it says they are receiving $13,000 from the lender, why be greedy and charge me this junk?Chat Icon

And I thought we clicked b/c she is doing IVF too...

Chat Icon

Posted 5/31/05 7:47 AM
 
 

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