Hi! I will be the professional that will be helping you today. I look forward to providing you with information to help solve your problem.
Good afternoon. I certainly understand the situation and your concern.
Since you obtained your loan after January 1, 2010, the following items listed on the Good Faith Estimate (GFE) CANNOT increase:
The “Origination Charge” listed in Block 1
If your interest rate is locked, the “Credit or charge (points) for the specific interest rate chosen” in Block 2
If your interest rate is locked, your “Adjusted Origination Charges” listed in Box A
The Transfer Taxes listed in Block 8
The following items listed on the most recent Good Faith Estimate you received cannot increase in total by more than 10 percent at closing:
Services listed in Block 3, which are services for which your lender chooses the providerTitle
services and lender’s title insurance
charges listed in Block 4, if you use a company identified by your lender
Owner’s title insurance listed in Block 5, if you use a company identified by your lender
Charges listed in Block 6, if you select a company listed for those services in Block 6
Government recording charges listed in Block 7
The following items can change:
Charges for any services that you obtain from a company not listed by your lender
Title services, lender’s title insurance, and owner’s title insurance if you do not select a company identified by your mortgage originator
Your initial escrow deposit listed in Block 9
Your daily interest charges listed in Block 10
Your homeowner’s insurance
listed in Block 11
As such, if the lender has changed something which they were not allowed to, they need to change it back. If they do have a right to, then the decision is up to you if you want to proceed. You certainly have a legal right to ask why these numbers changed and if you do not want to refinance with this lender, walk away.
Please let me know if you have any follow up questions or need any clarification on something which I stated above. Also, remember to rate my service before exiting the site, so I can receive credit for my help. I hope you found it to be Excellent! Only rate my answer when you are 100% satisfied. If you feel the need to click either of the two lower ratings to the left, please stop and reply to me. I want to make sure your experience with the site was as pleasurable as possible and that you are satisfied with the help I provided.