Refi closing costs

a2deuce, shouldn't run you more than $6k - it may be coming out significantly higher if they're including mortgage tax, which gets waived on a refi as long as you're doing a CEMA.

If you're not doing a cash out refi, then a streamline refi is the way to go. It's cheaper and most of the time an appraisal report is not required.

With all refis, as a mortgage broker in the wholesale division with Wells Fargo borrowers are getting rebates that go to paying closing costs. And closing costs shouldn't be more than 5 k.

Ellen Silverman
Mortgage broker
Tel:212-786-9682
www.esfunding.instantlender.com

I refi-ed in February with Wells Fargo for a similar loan amount on a condo in NYC. I think i was quoted around $5-6K. Actual cost was $6,650. $3380 for title, $700 to old bank for assignment, $150 to lawyers for assignment, $750 for appraisal, $850 for legal, then a bunch of fees up to $400 for processing, underwriting etc.
Wells Fargo did not rebate any of the fees for me.

You probably went through the retail division.