Updated almost 8 years ago on . Most recent reply
$9k for closing costs??? Lender / Broker Questions
So I'm going through escrow right now and realized I'm pretty sure I'm overpaying for the closing costs. I'm being charged $9,071 and through research, it says that it's usually $3.5-7.5k. The house was $90k. Is this too high for closing costs? Should I try to go through another lender? Would it make a difference? How much of a difference does a broker make for a conventional loan in the sense of decreasing interest rate and costs?
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#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
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#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
I'm buying a $90k home with cash Fri. My closing costs are $471.20 exactly.
I was amazed when I got the final figure as well. Because yours is also $90, thought I would share.
To be fair, I always add RO to the end of the BRRRR strategy everyone seems to love or anything that involves a mortgage. The RO is for Rip Off fees. Most never see them coming. Good luck out there.