Anyone done an ABN-Amro refinance recently?

In My Humble Opinion
1

We currently have a mortgage with ABN-Amro. On their website ABN gives refinance options to current mortgage holders. Their big selling point is their “OneFee” program where they supposedly tell you up front what the the total cost of the refinance will be (the actual OneFee amount varies quite a bit and in fact sometimes works out to a credit, rather than a fee).

My question boils down to this: Is the OneFee actually what you can expect to pay or have people gotten burned with “add-ons” that weren’t included. The advertising states that the OneFee covers:

discount points
lender’s title insurance
settlement costs
lender attorney fees (if required)
recording fees
credit reports
survey (if required)
flood certification
tax service fees
all underwriting, processing, document preparation, and funding fees

The OneFee does not include (all of which are perfectly reasonable):

any prepaid interest
intangible taxes
mortgage taxes
property taxes
transfer taxes that may be charged by your state, county, or city
private mortgage insurance premiums (if applicable)
homeowners insurance

One concern is that I don’t see any mention of “Appraisal Costs” which, in my mind at least, are different from a “Survey”.

Any ABN-Amro dopers out there?

2

We did a refi with ABN-Amro. They sent an agent around to do the closing, and she was very efficient and helpful.

As for the fees, the law says every lender has to be upfront about all fees before you commit to anything. I’m not an expert on this stuff, and there are several places to get better advice than I could give you. For example, soundmoney@mpr.org is a non-profit radio program.

We looked around, and at the time, ABN-Amro had the best rate. We filled out the app, and a week or two later, we closed. Signing your name on a big-dollar line is always scary, but it was relatively painless.