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SanDiegoDave.
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AuthorPosts
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February 2, 2009 at 3:32 PM #14961February 2, 2009 at 5:59 PM #340167
EconProf
ParticipantI’d guess $2000 – 2500.
February 2, 2009 at 5:59 PM #340491ParticipantI’d guess $2000 – 2500.
February 2, 2009 at 5:59 PM #340589ParticipantI’d guess $2000 – 2500.
February 2, 2009 at 5:59 PM #340617ParticipantI’d guess $2000 – 2500.
February 2, 2009 at 5:59 PM #340709ParticipantI’d guess $2000 – 2500.
February 2, 2009 at 6:24 PM #340182Scarlett
ParticipantHLS would be able to give you an estimate. Hmmm…I think they would be more into the 10K range. I kind of remembered the numbers because it’s close enough to what we are looking to buy at some point – albeit not 20% downpayment. Here you can see the breakdown and various fees and insurances and advances you have to pay – but keep in mind this is not your exact situation – you don’t buy Discount points. And likely your credit scores matter quite a bit. See the posts by HLS and AN.
February 2, 2009 at 6:24 PM #340506ParticipantHLS would be able to give you an estimate. Hmmm…I think they would be more into the 10K range. I kind of remembered the numbers because it’s close enough to what we are looking to buy at some point – albeit not 20% downpayment. Here you can see the breakdown and various fees and insurances and advances you have to pay – but keep in mind this is not your exact situation – you don’t buy Discount points. And likely your credit scores matter quite a bit. See the posts by HLS and AN.
February 2, 2009 at 6:24 PM #340604ParticipantHLS would be able to give you an estimate. Hmmm…I think they would be more into the 10K range. I kind of remembered the numbers because it’s close enough to what we are looking to buy at some point – albeit not 20% downpayment. Here you can see the breakdown and various fees and insurances and advances you have to pay – but keep in mind this is not your exact situation – you don’t buy Discount points. And likely your credit scores matter quite a bit. See the posts by HLS and AN.
February 2, 2009 at 6:24 PM #340632ParticipantHLS would be able to give you an estimate. Hmmm…I think they would be more into the 10K range. I kind of remembered the numbers because it’s close enough to what we are looking to buy at some point – albeit not 20% downpayment. Here you can see the breakdown and various fees and insurances and advances you have to pay – but keep in mind this is not your exact situation – you don’t buy Discount points. And likely your credit scores matter quite a bit. See the posts by HLS and AN.
February 2, 2009 at 6:24 PM #340724ParticipantHLS would be able to give you an estimate. Hmmm…I think they would be more into the 10K range. I kind of remembered the numbers because it’s close enough to what we are looking to buy at some point – albeit not 20% downpayment. Here you can see the breakdown and various fees and insurances and advances you have to pay – but keep in mind this is not your exact situation – you don’t buy Discount points. And likely your credit scores matter quite a bit. See the posts by HLS and AN.
February 2, 2009 at 11:22 PM #340323Sandiagon
ParticipantIf debt ratio (Debt/Income) is below 40%, 100% documented income and purchase of primary residence; you will get better deal with direct lenders like Wellsfargo, Bofa, etc… Direct lenders never charge origination fee. You need to shop around at least 4 lenders and you need to compare their charges. I come across the following charges as per my experience. 800 series related to lender charges.
800
801 Origination Fee
802 Points (Loan Discount Fee)
803 Appraisal Fee
804 Credit Report
805 Lenders’ Inspection Fee
808 Tax Svc Fee/Mtg Broker Fee
809 Tax Related Service Fee
810 Processing Fee
811 Underwriting Fee
813 Loan Document
814 Messenger
815? Funding/Wire
815? Flood Cert
1100
1101 Settlement/Closing Fee
1105 Document Fee
1106 Notary Fee
1108 Title Insurance Fee
1125 Courier Fee
1200
1201 Recording Fee
1202 City/County Tax/Stamps
1203 State Tax/Stamps
1300
1 month HOA fee
900
901 Prepaid Interest
902 Mortgage Insurance
903 Hazard Insurance 1 year
1000
1001 Hazard Ins 2 months
1004 Prop Tax 2 monthsTotal Closing Expenses
Some lenders use different names or combined different charges in to one category.
February 2, 2009 at 11:22 PM #340648ParticipantIf debt ratio (Debt/Income) is below 40%, 100% documented income and purchase of primary residence; you will get better deal with direct lenders like Wellsfargo, Bofa, etc… Direct lenders never charge origination fee. You need to shop around at least 4 lenders and you need to compare their charges. I come across the following charges as per my experience. 800 series related to lender charges.
800
801 Origination Fee
802 Points (Loan Discount Fee)
803 Appraisal Fee
804 Credit Report
805 Lenders’ Inspection Fee
808 Tax Svc Fee/Mtg Broker Fee
809 Tax Related Service Fee
810 Processing Fee
811 Underwriting Fee
813 Loan Document
814 Messenger
815? Funding/Wire
815? Flood Cert
1100
1101 Settlement/Closing Fee
1105 Document Fee
1106 Notary Fee
1108 Title Insurance Fee
1125 Courier Fee
1200
1201 Recording Fee
1202 City/County Tax/Stamps
1203 State Tax/Stamps
1300
1 month HOA fee
900
901 Prepaid Interest
902 Mortgage Insurance
903 Hazard Insurance 1 year
1000
1001 Hazard Ins 2 months
1004 Prop Tax 2 monthsTotal Closing Expenses
Some lenders use different names or combined different charges in to one category.
February 2, 2009 at 11:22 PM #340747ParticipantIf debt ratio (Debt/Income) is below 40%, 100% documented income and purchase of primary residence; you will get better deal with direct lenders like Wellsfargo, Bofa, etc… Direct lenders never charge origination fee. You need to shop around at least 4 lenders and you need to compare their charges. I come across the following charges as per my experience. 800 series related to lender charges.
800
801 Origination Fee
802 Points (Loan Discount Fee)
803 Appraisal Fee
804 Credit Report
805 Lenders’ Inspection Fee
808 Tax Svc Fee/Mtg Broker Fee
809 Tax Related Service Fee
810 Processing Fee
811 Underwriting Fee
813 Loan Document
814 Messenger
815? Funding/Wire
815? Flood Cert
1100
1101 Settlement/Closing Fee
1105 Document Fee
1106 Notary Fee
1108 Title Insurance Fee
1125 Courier Fee
1200
1201 Recording Fee
1202 City/County Tax/Stamps
1203 State Tax/Stamps
1300
1 month HOA fee
900
901 Prepaid Interest
902 Mortgage Insurance
903 Hazard Insurance 1 year
1000
1001 Hazard Ins 2 months
1004 Prop Tax 2 monthsTotal Closing Expenses
Some lenders use different names or combined different charges in to one category.
February 2, 2009 at 11:22 PM #340773ParticipantIf debt ratio (Debt/Income) is below 40%, 100% documented income and purchase of primary residence; you will get better deal with direct lenders like Wellsfargo, Bofa, etc… Direct lenders never charge origination fee. You need to shop around at least 4 lenders and you need to compare their charges. I come across the following charges as per my experience. 800 series related to lender charges.
800
801 Origination Fee
802 Points (Loan Discount Fee)
803 Appraisal Fee
804 Credit Report
805 Lenders’ Inspection Fee
808 Tax Svc Fee/Mtg Broker Fee
809 Tax Related Service Fee
810 Processing Fee
811 Underwriting Fee
813 Loan Document
814 Messenger
815? Funding/Wire
815? Flood Cert
1100
1101 Settlement/Closing Fee
1105 Document Fee
1106 Notary Fee
1108 Title Insurance Fee
1125 Courier Fee
1200
1201 Recording Fee
1202 City/County Tax/Stamps
1203 State Tax/Stamps
1300
1 month HOA fee
900
901 Prepaid Interest
902 Mortgage Insurance
903 Hazard Insurance 1 year
1000
1001 Hazard Ins 2 months
1004 Prop Tax 2 monthsTotal Closing Expenses
Some lenders use different names or combined different charges in to one category.
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