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Old 01-25-2010, 07:11 PM
 
1 posts, read 3,233 times
Reputation: 10

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Hello Everyone,

I am trying to refinance my house, there is a couple of things I don't understand about the closing costs, can someone help me out?

The mortgage is for $633,000

Origination Charge is $26,000
Credit for specific interest rate chosen: -$17,000
Adjusted Origination Charges: $9,000

My questions are:
Where is that -$17,000 coming from?
Does the final Origination fee $9,000 sound fair for Queens NY?

Thanks,
John
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Old 01-28-2010, 11:23 AM
 
54 posts, read 265,491 times
Reputation: 27
your lawyer should be able to explain each charges.

as far as credit for specific interest rate chosen. that sounds like points to me. are you buying any points to lower your interest rate?
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