Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 16 years ago,
What loan fees should be negotiated?
We received a good faith estimate that has:
1% loan origination fee ($1254)
appraisal fee ($350)
credit report ($15)
processing fee (500)
underwriting fee (695)
wire transfer fee (450)
I have heard that all fees are negotiable and in this rough market would think that lenders would be willing to charge a lot less now. I am in Nevada (I don't know if that makes a difference) and was going to negotiate to get rid of the wire transfer fee at a minimum and try and get the underwriting and processing fee amount reduced. Do you think that would be a good idea and do you think it will most likely work? Thanks for any input.