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GFE totally different than your HUD?
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b2b777
LIF Adult
Member since 9/09 4474 total posts
Name:
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GFE totally different than your HUD?
I just got my HUD and saw the closing cost estimate went up like 5k.
Is this typical???
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Posted 4/6/11 3:49 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource | Prudential Douglas Elliman Real Estate |
ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: GFE totally different than your HUD?
A GFE to HUD can vary depending on different factors.
Why don't you post what items on the GFE are different. Don't go by total amount. Just post the line number (usually between 800-1300) and the difference between the GFE and HUD.
That would help.
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| Posted 4/6/11 4:34 PM |
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Mrs213
????????
Member since 2/09 18986 total posts
Name:
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Re: GFE totally different than your HUD?
Don't worry mine seemed that way also. It includes some costs that the sellers typically pay. We didn't have paynthat much at closing....
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| Posted 4/6/11 5:30 PM |
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JandJ1224
Member since 6/06 5911 total posts
Name:
Jannette
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Re: GFE totally different than your HUD?
I am not positive but I feel like there is only a certain % that it can differ. Maybe a mortgage person could help with this one.
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| Posted 4/6/11 10:59 PM |
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b2b777
LIF Adult
Member since 9/09 4474 total posts
Name:
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Re: GFE totally different than your HUD?
thanks everyone!
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| Posted 4/7/11 10:17 AM |
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hunnybunnyxoxo
this is what it's all about
Member since 11/07 3321 total posts
Name:
Lisa
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Re: GFE totally different than your HUD?
yes it can differ. my mortgage person overestimated a lot of stuff to err on the side of caution...
he quote me $11,000 and we ended up paying $7400.
when looking through your GFE, you have to make sure the mortgage lender is accounting for enough taxes and all the fees..
maybe he or she only accounted for 3 months of taxes but it should be 4/5 months worth..
maybe he or she did not estimate enough for title and insurance..
stuff like that..
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| Posted 4/7/11 10:41 AM |
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