Posted by Bud Branstetter on December 26, 2000 at 13:16:02:
The title policy in Texas is about 1% of the mortgage amount. The broker wants to make 1-2K. Other escrow fees, courier fees and doc prep can run $400+. At a 70% LTV you’ll probably be paying up to the 9% range. About 1% more for an 80% loan.
I think you are finding out the problems of buy and refi. Yes, you can cut the cost of the broker some and find a less expensive closing agent. Washington Mutual has some decent refi programs.
Let’s get together sometime this month and discuss philosophy of this and other approaches.