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62
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10
Votes
Joe Mende
Pro Member
  • Rental Property Investor
  • Chicago, IL
10
Votes |
62
Posts

First Mortgage Loan Application..Help!!

Joe Mende
Pro Member
  • Rental Property Investor
  • Chicago, IL
Posted Feb 14 2018, 06:17

Looking to get a little advice here as I'm in the process of buying a 2-flat here in Chicago.  I recently filled out the loan application and there was a section that was titled "loan estimates" where it has Terms, Payments, Closing Costs, along with the closing cost details.  Much of it seems like costs I can't do much about but then there's a section that says "services you can shop for" and has a list of costs:

Services You Can Shop For $4,021

Survey $350

Title - 24 Month Chain of Title $250 

Title - Anti-Predatory Lending Database Fee $150

Title - Closing Indemnfication/Protection Letter Fee $75

Title - Email Fee $25 

Title - Endorsements $500

Title - Lender's Title Insurance $1,028 

Title - Settlement Fee $1,600 

Title - Title Insurance Services $3 

Title - Wire Fee $40 

Since this is my first mortgage, are the costs of these fees pretty similar everywhere?  Or can I save significant money by shopping around for 

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