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08-21-2008 at 11:04 AM
prncess21
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Joined on 09-05-2003
New Jersey
43,473 Points
prncess21 is online. Last active: 12-04-2008, 7:30 PMSilver

What, if any, mortgage fees are negotiable?

We were just quoted:

$395 Appraisal and credit report

$695 Underwriting (WOW!)

$16 Flood Cert

$20 Tax service

Are these about average or high?

Thanks!


Relaxing after a tough day of Christmas decorating!



Lilypie 2nd Birthday Ticker 
08-21-2008 at 11:20 AM
Mrs.AmyDylan
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Joined on 11-02-2007
14,179 Points
Mrs.AmyDylan is not online. Last active: 12-04-2008, 6:37 PMBronze
We went with our credit union's mortgage partner (credit union mortgage association).  There were $895 of fees that were refunded at closing.  So I would think that any and all are negotiable.  GL!

The Short Sale is now OUR HOUSE!!!!!!  
08-21-2008 at 12:53 PM
dstceo41
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Joined on 06-09-2004
2,409 Points
dstceo41 is not online. Last active: 12-02-2008, 10:11 AMNewbie

The underwriting fee seems a little high.  The rest seem OK.  Typically, fees that are negotiated are fees that the lender gets to kep, not fees going to a third party.  For example, they may charge you an origination fee (points) or an application fee.  These are the types of things you can sometimes negotiate.  But whatever the appraiser charges, that's what they charge, etc. 

 
08-21-2008 at 1:16 PM
Mrs.Sully
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Joined on 03-22-2007
Telluride, CO
13,550 Points
Mrs.Sully is not online. Last active: 12-02-2008, 9:13 PMBronze
Ditto dstceo. The underwriting fee is what the underwriter charges your lender to submit the file. It might be high, but it varies by lender/underwriter. I've seen it as low as $300 and as high as $1k.

M + S | June 30, 2007
 

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