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Updated about 14 years ago,
Is it high? (Good Faith Estimate - lender's charges)
It appeared to be unreasonably high but I wanted to check with the group.
On Good faith estimate the loan originator stated the following figures to be charged by him/his bank (in addition to credit report fee):
1. Application Fee $495
2. Underwriting fee $795
3. Document review fee $225
Other details: Local MD lender, primary residence, no origination points 20% down, conventional financing.
Will someone please chime in and shed light on these charges?
Thank you!!!