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pjay
YAY! I CAN WRITE HERE....
Member since 5/07 1551 total posts
Name:
PJAY
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wells fargo
Hi all -
For those of you who used Wells Fargo for mortgages, do they give u a break in closing costs etc, if u have a wells fargo savings or checking account?
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Posted 9/22/08 2:24 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
neener1211
:-)
Member since 4/07 22952 total posts
Name:
J
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Re: wells fargo
I don't have an account with them, but a lot of the costs are not determined by Wells Fargo. Like the title paperwork etc...that is determined by who your lawyer uses.
They were at the same costs as other companies though, no surprises.
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| Posted 9/22/08 2:28 PM |
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Otherme
Square head cutie pants
Member since 3/06 6899 total posts
Name:
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Re: wells fargo
Posted by neener1211
I don't have an account with them, but a lot of the costs are not determined by Wells Fargo. Like the title paperwork etc...that is determined by who your lawyer uses.
They were at the same costs as other companies though, no surprises.
yup, same here.
they had the best rate and managed to waive PMI even though we were only putting 10% down
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| Posted 9/22/08 5:51 PM |
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dandr10199
Grace is growing up too fast!
Member since 10/05 11561 total posts
Name:
Dina
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Re: wells fargo
Posted by neener1211
I don't have an account with them, but a lot of the costs are not determined by Wells Fargo. Like the title paperwork etc...that is determined by who your lawyer uses.
True.
FYI...
However, the RESPA acts states that you (as the buyer) has the right to choose your title company wikipedia - RESPA & title insurance . Your attorney can only recommend a title company to you. Shop around some title companies have lower fees for recordings and certain searches. Only the premiums are regulated by the state.
Scroll down to "Homeowner's right to choose a title insurance company (United States)" on the wiki. It explains the RESPA law and why it exists.
BEWARE of "bundled services" where banks will bundle the title insurance, atty fees, and mortgage fees. You are NOT saving $$$ as they will tell you and most times you will get charged more at closing. Just be VERY aware of what they are charging you and seek out second opinions. "bundled services" usually = kickbacks for the bank, mortgage broker and atty; they are illegal.
Unfortunately, the RE industry has a few unscrupulous people who take advantage of others.
Bottom line...know your rights as a consumer of title insurance, mortgages, and finding an attorney.
FM me if you have any questions. Good Luck! 
Message edited 9/22/2008 6:21:29 PM.
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| Posted 9/22/08 6:19 PM |
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SerraMaMa
LIF Adult
Member since 10/07 982 total posts
Name:
Lauren
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Re: wells fargo
Do tell about waiving PMI???????
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| Posted 9/22/08 7:36 PM |
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