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Updated almost 5 years ago,

User Stats

180
Posts
66
Votes
Garrett M.
Pro Member
  • Rental Property Investor
  • Philadelphia, PA
66
Votes |
180
Posts

Lender adding points late in the game!

Garrett M.
Pro Member
  • Rental Property Investor
  • Philadelphia, PA
Posted

Has this happened to you? I’m very late in the game on multiple refinance loans and the lender keeps increasing the closing costs through increased points.

Now there’s about $10k in closing costs that were not on the initial estimates.

I feel like I’m getting kicked around by the lender. Your Best and quickest advice is appreciated.

The original estimates had reasonable point costs like around .625 of a point, now very late in the process they are at 2.75 points. I have excellent credit and nothing on my end has changed.

Aren’t those Good Faith Estimates supposed to be honored?

What’s the best way to push back? Or do I walk away?

  • Garrett M.
  • Loading replies...