Question:

Are good faith estimate fees final?

Answer:

Yes and no. Often good faith estimate fees will be different from your loan related fees, but the discrepancy should be several hundred or smaller. Sometimes the lender does not have control on items that changed between the time GFE fees were provided, but sometimes lenders or brokers will slip inflated fees for certain services.

Some good faith estimate fees such as property appraisal, buyer's attorney, property taxes are out of lender control. However, origination and points and transfer fees are totally within lender's reach. If your final fees and GFE fees differ with more than a thousand, consider talking to the closing attorney before you sign the loan.

There are some junk fees that may not be listed on the good faith estimate (GFE), but you may be charged if you don't pay attention and opt out, such as overnight documents delivery.

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