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    wendyCA's Avatar
    wendyCA Posts: 31, Reputation: 4
    Junior Member
    		  
    #1

    Feb 22, 2007, 03:14 PM
    Home Mtg refinance
    This loan sounds too good to be true since I have a FICO of 604 according to the mtg broker. But, have home which I own 56,000 on and it is estimated to be worth 180,000. So maybe that is it. Mtg is with WAMU and I have asked to refinance at 85,000 to fix up home.

    Closing costs 2200.00

    0 points

    6.375 fixed 30 year with payments at 530.29 plus int/ins. Bringing it to 736.00

    O Good faith estimate it states "total estimated settlement costs" which are 2,959.75.

    Proceeds at closing = 23,695.22

    What a stressful process. He is in such a hurry to get this loan through that he does not seem to understand I do this very seldom and have to be careful - like that is difficult for him to comprehend, or am I not recognizing a generous loan when I see one?:confused:
    wendyCA's Avatar
    wendyCA Posts: 31, Reputation: 4
    Junior Member
    		  
    #2

    Feb 22, 2007, 03:47 PM
    Correction!

    Principal: 530.29
    Taxes 83.00
    Ins. 53.00

    Payment per month - 666.29
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