Refinancing our home and caught our lender padding their fees with questionable stuff; what else should we be on the lookout for?
We're refinancing our home with our credit union after years of being at a high rate with Wells Fargo. The credit union website states the origination fee is "$1450 or 1% of your loan amount, whatever is less." Our good-faith-estimate came through with an origination fee significantly higher than that, and when questioned our loan officer revealed an undisclosed penalty had been added because we do not electronically deposit our paychecks into a credit union account (we have some very good reasons for this, btw). This penalty/fee was not disclosed anywhere in any documentation as far as we can tell. After a pointed discussion with our loan officer in which she said the fee could not be waived, she called called us back shorty thereafter (!) and said after review they would waive said penalty.
So... 1) Has anybody else had this particular issue pop up with their lender? And 2) more importantly, what other scammy fees and penalties and fine print should we be on the lookout for? For example, there is a fee for "tax service $82" in the same section as appraisal, credit checks and flood certification.
If there are other things we want to try to negotiate, is it better to do it now or wait until closing (which will be in person)?
Obviously I don't want to post the personal details of our loan application, but I will provide in case it's helpful:
-This is our primary residence, location is Minnesota, USA. Loan is a conventional 15-yr fixed @ 2.875%. Loan amount is about $60k.
-Total closing costs estimated at about $3k
-Credit union is Wings Financial
-Property tax and homeowners insurance is escrowed.
Also, were pretty good customers for the credit union, in that we have extremely good credit, a good equity position in the property, and have sizable accounts at the credit union.
Thanks in advance!