Your loan officer should be discussing a 1 point vs a zero point and anything in between so you understand all your options.
I have no problem reviewing your current GFE and giving you suggestions. Absolutely no obligation. Simply Fax to 661-255-3336 or email me a copy.
I can be reached at (661) 255-3335 should you need further assistance.
Cheryl Garner, Mortgage Expert
Fairview Mortgage Capital, Inc.
You will hear some say as a general rule, closing costs are 2-3% of the sales price. There are many fees and many that are not listed in your note. It also depends if you have a 2nd loan too. You can feel free and give me a call and I will be happy to give you some hard copies of information that will assist you and if you would like we can go over them together. This way you can mark it up and make it your own reference. By the way costs vary state to state, and every deal will have similar, but one may have higher processing fee and another may have a higher appraisal fee and so on. Best of luck.
Serving AV, SCV, SFV and Ventura County,
TV-Tracy Van De Mark
You should ask your agent to explain it to you. If you do not have an agent, your most welcome to come to my office in Newhall and we can go over all the charges in the GFE.
Bob Khalsa, CCIM
United America Realty
U.A. Property Management
You lose nothing when it comes down to interest collected because that has to do with what day of the month you close. If you want less interest collected then that only means your first payment will be that much sooner and vise versa.
As far as Title, Escrow or other fees not related to the lender you are at the mercy of whoever controls and choices those services.
Good luck to you...
In Louisiana(don't know how it is in your state) the choice of title companies is entirely the buyer;s--so you probably can get quotes(or get your agent to do this) from different companies. In louisiana,title insurance is optional but I urge my buyers to purchase it--it's well worth the cost. The sellers may believe in all good faith that they are presenting you with a clear title,but down the line things can be fouled up by something as simple as a misspelled name 60 yrs. ago--long before they purchased the property Hope this helps--but someone from your state can probably give you a more specific answer.