Posted on: 08th May, 2010 05:09 pm
refinancing a va to va loan for a lower interest rate. i was thinking of using the same title company. i just received their paperwork and they want $1300 flat fee for a $417k refinance plus another $655 for additional fees. these include: overnight delivery $25, bank wire fees $20, payoff of unsecured debts $25, release of unreleased liens $210, loan documen completion $50, power of attorney $75, subordination agreement $250. these seem excessive to me and in comparison to the original fees charged for the initial loan 19 months ago. i think that i need to keep shopping for a better title insurance company, is this correct?
Welcome tomhenninger,
You can contact few other local lenders in order to get a VA refinance. You can compare the rates and fees that they are charging and then decide upon refinancing.
You can contact few other local lenders in order to get a VA refinance. You can compare the rates and fees that they are charging and then decide upon refinancing.
You may get a better answer if you identify the state in which the porperty is located.
Different states have different regulations as to how title fees are regulated. Without knowing the state, we can not determine if the fees are proper as far as the flat fee. The rest of the fees look pretty accurate.
Of course, you can always shop. Get one more quote and you will know what gives wiothout any of us replying.
Different states have different regulations as to how title fees are regulated. Without knowing the state, we can not determine if the fees are proper as far as the flat fee. The rest of the fees look pretty accurate.
Of course, you can always shop. Get one more quote and you will know what gives wiothout any of us replying.
