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Pre-Approval Loan Question

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Cal166 said:
Hey Guys,

Can anyone take a look over my pre-approval loan and see if everything looks normal with all the Fees that Wells Fargo states on there.

Thanks

http://pics.bbzzdd.com/users/Cal0205/GFE_Page_1.png
Click to expand...

To be honest, the "underwriting fee" seems a little high. The appraisal fee is a little more than I've seen in my past (one mortgage, one refi) in the $3-400 range.

Also, they're not including your insurance premium(s) in the impounds to estimate the monthly payment. Make sure to add those in, most lenders are going to want that. Even if they don't, they're part of your monthly expenses.

I should add, US Bank is showing 4.875% with no points. That's incredibly good, we paid 0.25 discount points to get that rate back in March.

http://www.usbank.com/cgi_w/cfm/personal/products_and_services/mortgage/interest_rates.cfm

Call them and get a quote. If you already have the property, you can lock it on the spot.
 
Last edited:
Saga said:
Wow. I guess I haven't looked at the rates lately. I must have lucked out to get 3.1% a little under a year ago.
Click to expand...

30 year fixed? Par rate? No.


@ OP....they are making a little off of you on the back end, but no problems there. They are doing that instead of charging you origination.
 
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