Closing Cost

[Cuong Thai]

Good morning Everyone,

 A few weeks ago, I posted a question about refinancing my property.  I was able to find a mortgage broker who has agreed on GFE to work with me on refinancing my property.  He quoted me 3.879% with about 300 dollars worth of closing cost for 30 years fixed (Before refinancing, the rate was 4.675 for 30 years fixed which I had for over a year).  In addition, I have to pay for the appraisal.

Yesterday, he gave me a call telling me that the loan has been approved and an investor has agreed to fund.  Then he asked me to give him my credit card so he can order the appraisal.  I agreed to give it to him.

I talked to one of my friend about this matter, and he advised me to ask the broker for the cost of doing the loan before actually ordering the appraisal.  He said that I need to make sure that the amount of closing cost that he quoted before closely matches with the one that he offered.

Is he right on this issue?  What do I need to do?

Since I am new to this whole thing and still learning new things everyday, I really appreciate your opinions.

Thanks for your help,

Cuong N. Thai