Fannie Mae and Conventional Loan Fees this high !!!- Can you shop around?

[Rav Ram]

Hello Fellow Members,

I am considering doing a cash-out-refi on 2 of my properties. Assuming my credit and everything else is good, I need to see if others have experienced what i'm experiencing. I want to preface this by saying I know that i'm lucky to even have this option... My issue is not with the rates, but the upfront hit i'm taking.

I have not done any cash out refinances and was told I can qualify for 4+. I wanted to know if the fees that i'm being quoted are negotiable if I shop around or if I should just be happy. It really sounds crazy and strange. I cannot believe that for a $200K property value, pulling out $149K (loan amount) the total fees to cash out are $6,240 and for a $115K value property pulling out $86K (loan amount) the fees are $5,219. It's in the state of Texas. The rates are 30 year 4% and 15 year 4.625%.

Here are the breakdown of the fees

Processing $520

Underwriting $775

Warehousing $200

Leder Doc Prep Fee $350

Point Charged $1,492

Appraisal $610

Credit Report $15

Closing/Escrow Fee $350

Attorney $125

Lender title ins $1,150

Courier fee $25

Tax Cert $50

State of tx gty fee $10

E-Filing Fee $15

Survey $395

Mortgage Recording charge $120

Daily Interest $38

Total Fees $6,239.77

That's nearly 4.19% of the total amount of the loan!!!!

Because i've been used to dealing with cash only and lines of credit, i wanted to ask others in this community on whether other lenders will drop some of the other fees.

Thanks!