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Updated over 8 years ago,

Account Closed
  • Investor
  • Wallingford, CT
12
Votes |
17
Posts

Costs of conventional mortgage

Account Closed
  • Investor
  • Wallingford, CT
Posted
Hello, I am currently purchasing a SFR in the state of connecticut and as I was looking over the loan, some of the fees looked a little high. The loan will be a second mortgage for me and owner occupant. The lender will also be including roughly 75k of rehab in a total of 210k loan amount with a 4.9% rate. Origination Charge is 2023 Appraisal is 550 Credit Report 65 Flood Certification 16 Inspection Fees (draws) total 600 Title Search 200 Lenders Title Insurance 900 Settlement Fee 850 Title Update Fee 225 Any insight as to what is out of line if anything would be greatly appreciated, I am new to these loan amounts. Thanks!

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