You can find yourself hit with all sorts of crazy fees at closing time, some of them unnecessary or overinflated, says Bankrate. But how do you know what’s reasonable? For a fee, natch, of $45 the National Mortgage Complaint Center (866-714-6466) will examine your fees and see if they’re too high or out of the ordinary. You can also see how your fees compare with state averages.
Many closing costs negotiable [Bankrate]
(Photo: Getty)
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We compared the fees on our re-fi with the closing costs on the actual purchase of our house, about six years prior. We found several fees in the re-fi that were obviously padded and got them reduced by pointing this out. One fee had gone up 200% from the first closing to the re-fi. So we contested that and a couple of others and got them reduced.