We research, you save.
Got Questions On Rates? (855) 610-2972

How can I tell what my mortgage fees will be?

Q: I am paying 5% on $160,000.  A lender is advertising a 30 yr FRM at 3.85%/4.191% APR, or a 15 year FRM at 3.25%/3.476%. Would closing costs be out of sight?

A: You should contact the mortgage lender and ask for a Good Faith Estimate of Closing costs (GFE). While under no obligation to provide you with one until you actually apply, they may, and that should give you a good working sense of the fees involved in your refinance. You should know that advertised rates are for truly optimal borrowers, and your situation is likely to be different.

More help from HSH.com

No Comments

Leave a Comment
Mortgage Rates from 0.00%