How much are processing and underwriting fees from a mortgage broker in a fairly affluent area?
Jul 14, 2010 by Stuck in the Middle Ages | Posted in Washington, D.C.
We are not living in an affluent court but contacted a mortgage broker located in one in the Maryland suburbs of DC. The refinance rate we were offered is great (0 points, 4.5%, 30-year stable).
The processing fee includes the appraisal and rubric search, so it seems reasonable. The underwriting fee seems high. The fact that there are no points may be somewhat offset by the "fees", as is commonplace of the business.
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Sell or Refinance and Rent Out?
Mar 21, 2009 by browneyedgirl | Posted in Renting & Real Estate
I own a condo in one of the most sought after neighborhoods, even terrace, of Washington DC. I bought it a little less than two years ago. I can sell it now and break even, as DC real estate has not gone down, or I can refinance it and slash it. If
If you can operative onto it for a few years, then you're better off refinancing.
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