5 Quick Ways to Save $1,125 Bucks on Your Refinance

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At Blown Mortgage we’re all about saving money when it comes to refinancing your home loan. Heck, use these tips when working with MY company. And don’t let an LO tell you that $1,125 isn’t a lot of money – it’s a ton of money.

Here are 5 Quick Ways to Save $1,125 Bucks on Your Refinance:

Have the mortgage company credit out-of-pocket costs for an appraisal from your closing costs. Savings ~ $300.
Insist that any processing fee be cut in half, or have origination fees reduced by that amount. Savings ~ $400.
Refuse to pay email fees. Savings ~ $25.
Refuse to pay any fees titled Administrative or similar nebulously titled fees. Savings ~ $250.
Request a credit for the cost of the notary. Savings ~ $150.

TOTAL SAVED: $1,125

These should be relatively easy for your mortgage originator to have approved by their sales manager if there is one that has to sign off on these credits. If they won’t do it tell your originator you want a credit of $1,125 out of the initial origination fees instead. You’ll probably see those changes made immediately.

Save the request for the day before your signing for maximum effect.