Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
$8000 escrow for AmCap refi?
First off, a big ol HOWDY YALL from dallas, everybody! haha.
secondly, this is my first refinance and i just got off the phone with an amcap broker saying that the escrow fees are going to be $8000. this is an estimate, of course, and will probably be a little lower, but still- that seems really high.
am i getting screwed here? is there anything i can negotiate here? if i bring my own survey i can save $350, which i think i still have somewhere.
granted, im dropping my rate from ~7.5% to ~2.75%!! so that'll be HUGE, and in the long run it'll certainly be worth it. that $8000 includes a rate buydown for $400.
any comments would be much appreciated. thanks for helping out a newb!