My thoughts too about tax service fee and flood cert fee..
Also, as to this "I can't tell you how many people wrestle with this charge when they've refi'd numerous times and get this hit each and every time...they dubb it "highway robbery"..."
If they've refi'd other times, they're getting a discount for the insurance if done within a certain period of time - sometimes 3 years, sometimes 10 years. Also, insurance is not only based on mortgage amount - at purchases it's based on Purchase Price if an Owners' policy is issued - and in my experience when an OP is issued the MP is free.
I'm not seeing notary fees on the HUD any more either. But the settlement companies charge a flat fee to process the file and the closing - maybe $350. $450, $600...depends - just keep in mind what the company has to do to get that file ready to close, through closing, and through post closing. They then pay US from those funds if not accounted for separately. They also make a percentage on the title insurance. |
