by
Pat K, Venice
05/16/2006
Carl I really look forward to your articles.
I am just about to close on a refinance and
was amazed at the fee's involved. When I
called the loan officer and asked about
these fee's which I had not seen in any of
the paper work he had sent me. He told me
they were normal for this type of loan but I
don't remember having to pay this much when
I last refinanced.
Dear Pat,
As a matter of law the loan officer is
required to sent you a Good Faith Estimate
within 3 business
days. This must clearly state all fee's
involved. You are required to sign this
form, so you should ask him to give you a
copy. If you are unhappy with the fee's then
tell him so and try to get him to reduce his
fee's prior to signing doc's, it will be too
late after this.
Carl Hampton
