In April 2011 Fannie Mae will be applying a new set of charges that could significantly increase closing costs. Some lenders have already started to apply these charges. With an already weak market, this will impact consumers in a negative way, allowing for higher closing costs.
The good news if any is that these fees will not apply to FHA mortgages or mortgages that will be kept by a lender, only those being sold to other lenders will be affected.
Lisa Scanlon, CSA
941-447-7130
www.ScanlonSigningServices.com
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment