We are trying to purchase a home think that our mortgage processor may be trying to over charge us. The home purchase is for $99,000. The ...

Question

We are trying to purchase a home & think that our mortgage processor may be trying to over charge us. The home purchase is for $99,000. The figures she gave us for closing estimates to $12,758. We were orgininally told that total closing cost is 9.5% of the home. Why is she giving this larger figure if that's true? shoudln't it be $ closer to $10,000? This is for an Fha approved loan in Michigan. thanks

Answer

Feel free to call 810-227-7200 to discuss this matter so I can answer any and all of your questions.

Jules N. Fiani

Attorney at Law