| FHA Refinance If you are facing foreclosure we have helped many homeowners refinance out of foreclosure to a fixed rate loan. |
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02-07-2009, 06:59 AM
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Are these closing costs excessive for an FHA...
...mortgage refinance? OK, are these numbers too high, or am I just being overly cautious. My current loan is at 6.375% and has a balance of $97,5000. My mortgage company is offering me a new 30 year loan at 5.5% (or lower), but the new loan would be for $103K. They are telling me the closing costs are going to be around $3,900 with and additional $1800 in FHA fees. Is this right?
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