Negotiation Refi Closing Fees
Can i negotiate certain fees? I am not living in a flood area so why should I have to pay a flood certification fee? by kevin3939 from Lincoln, . Oct 4th 2010
Steve Hinton (stevehinton)
#330 ranked lender in California - 9 contributions
Depending upon who has created the guidelines (FannieMae, FreddieMac or other) they may require verification your house is /is not in a flood zone. That is what the flood certificate answers. It is not a profit point for a Loan Originator or Broker. But it won't cost you anything to ask if your lender will cover that expense.
Rudi Hofmann (CaPortfolioLoans)
#281 ranked lender in California - 380 contributions
Because it's required. Less than $20.00. There's a lot of other items you may want to question. This is not one of them.
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