Mortgage Refinance Fees

[Cheryl W.]

Hi BP community, I'm on my second rental property with another in the pipeline and I've learned so much from the BP community.  Thank you to all of you who take the time here to share their knowledge and experience with others.  I'm getting ready to do a refi loan and I shopped around for prices.  The company I decided to go with charges only 1% origination fee and I asked specifically about any other major fees, none were mentioned.  Lo and behold when I get the loan closing cost details I also see an underwriting fee  of $945, a processing fee of $895 and appraisal fee of $620.  These seem pretty excessive to me on a refi.  On the other hand doc prep fee is only $125 and title/escrow fees are $250, not too bad.

I was wondering if the underwriting, processing and appraisal fee seem high in others' experience? 

Also I've talked with out of state lenders who seem quite reputable and charge reasonable rates but my gut instinct is to go with an in state company.  I was wondering if there are any pitfalls to look out for with national as opposed to local companies?