8 Tips On Real Estate Closing Costs

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Tip #6 – Loan Officers May Choose To Waive Certain Fees

8 Tips On Real Estate Closing Costs

  • www.zillow.com

In theory, the loan officer can waive any fee in the good faith estimate. Are you hoping that the lender pays for your attorney, appraisal and settlements costs? You can certainly try to get them to, but you don’t want to get your hopes up. A loan officer can’t waive too many of these fees or they’ll end up with no money for themselves. Look at a typical case with a loan amount of $150,000, an origination cost of one percent and an appraisal, underwriting and processing fee that come out to $300 each.

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