One way lenders increase their profits on your Santa Cruz real estate mortgage is by charging settlement fees. While many fees are standard and required, others may be negotiated.
Shop Around For Better Closing Fees
The Good Faith Estimate (GFE), as required by RESPA, is presented to you after you apply for a loan to purchase your Santa Cruz real estate. It gives you a heads up as to what fees you should expect at closing.
If you don't like the numbers you're seeing on the GFE, shop around with other lenders. If you were approved for one loan, you can likely be approved for another. Collect comparable GFEs and see how the interest rate, monthly payments, points, and closing fees stack up. Your best bet is to tell your lenders that you're