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Updated almost 5 years ago,
Lender adding points late in the game!
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?