VA Refi- Need some advice

[Paul Bame]

I am in the process of refi my VA loan, and the closing cost are taking up almost half of the equity. It just seems like a lot of fees and I am not sure what is really needed, and if there is better out there.

I have lived in this house for a few years now and am pulling out the equity. The questionable fees for me are:

Flood Determination Fee

Title fees:

Abstract fee

Alta 8.1

Alta 9-06

Lenders coverage premium

Settlement/escrow fee

Survey fee

And the VA Funding fee seems high, is this a set fee from the VA or is it something that can vary by companies?

I am using a credit union for the loan, and I have used them in the past. The more I am learning about investing I am questioning if this is the best place for my loan or if I should shop around.

Any information and referrals for other possible companies to consider would be appreciated.

[Barry Ruby]

Hi Albert,

Thank you very much for your candor and validating my very basic understanding of the situation. As I said, I consider my limited knowledge to be potentially dangerous but I chose to tell Paul about it because it seemed so "on point" to his questions and concerns. Your confirmation is appreciated.