FAQ

Refinance Loan Costs

5 questions

How much will my closing costs be?

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Your closing cost will vary depending on your loan scenario. The below are closing cost you should expect lender by lender :

 

Appraisal fee

Title insurance

Escrows

Prepaids

What fees and costs can I expect with Loan Cabin?

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You the customer can choose to pay discount points to buy down your interest rate, or you are allowed to choose a higher rate to off set third part closings cost. You are responsible for all third party closing cost such as title settlement fees, recording charges, and appraisals. You will see these charges will be the same lender by lender.

 

When will I be expected to pay fees?

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All closing cost will be paid through the loan or at the closing. The only exception to this is the appraisal fee. The appraisal fee is $405-$550 that is paid up front to a third party company to obtain the appraisal report. Once we receive the report you will get this right away.

What will be the payoff amount of my current mortgage?

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Your payoff amount is how much you will actually have to pay to satisfy the terms of your mortgage loan and completely pay off your debt. Your payoff amount is different from your current balance on your mortgage statement or credit report.