Lender trying to charge more than previously discussed.

[Natalie Lindsey]

My husband and I are in the process of buying a duplex. The loan should be closing soon but I received another document to sign that is trying to charge us over $1000 more. It had already raised one time due to a higher appraisal cost so this is the third document we have received. We signed off on the other two but I don’t feel comfortable signing off on this one.

This document and the higher cost was never discussed with us, I just found it in my email. After looking at it to see where the additional charges came from I saw that it said origination changes (points). Normally paying points are to bring down the interest rate or mortgage payment. On the document, it still has the same interest rate we locked in a while back and the same mortgage amount. The APR was higher though. So basically they are asking us to pay over $1000 more now that we are close to closing but with no benefit to us. It would only cost us more over the life of the loan.

Has anyone else had this happen? I don’t want to pay extra money for something that was never discussed and doesn’t benefit us in anyway. How should I handle this?