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Updated over 8 years ago on . Most recent reply

User Stats

50
Posts
4
Votes
Imran Raz
  • Miami, FL
4
Votes |
50
Posts

Re-Finance quote from Lender

Imran Raz
  • Miami, FL
Posted

Hello Guys,

I am in process of Refinance to lower my payment by getting rid of PMI, the process has not been great with this specific lender I am working with. This is also my first time doing this so I am bit unsure about all the extra costs. Can you guys please review this loan estimates and let me know if these fees are Normal. I currently Owe $331,894.73 on my existing mortgage but looking at the loan estimate, this number is raised to $348,793 which is over 16k. I understand that refinance topically add more balance to the loan but 16k? 

Thanks in advance

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