[Luann]

...us that Indiana is "high cost" state? Our appraisal is finished. Our loan has been submitted by our loan officer to the underwriter for approval. Our loan officer is not in Indiana. We thoroughly checked out the company before deciding to do business with them. My question is, our loan officer mentioned that Indiana is a "high cost" state and because of that we will save money on closing costs. His answer on what "high cost" state means was complicated and I don't understand how it effects us. I have researched it on the internet and still don't understand. How does this effect our closing costs and what else does it effect?