From what I’ve read by googling, refin closing costs are negotiable… Such as waive application fee if staying with same lender, or getting a drive by appraisal instead of full appraisal for $400 because it just got appraised when I bought it, and I have lots of equity due to big down pay. But I was told no, due to Fannie Mae must have full appraisal and no waiving any fees or bargaining because that woud be discrim for others… But why does everything I read when I google, and also a realtor person, say I can and should negotiate?
Just because you want to negotiate, the other party is under no obligation to do so. If you really want, you are free to find another lender who will negotiate the terms.
Depends on the loan you want to get. If you get a conventional loan, as opposed to Fannie Mae or VA or any number of Federally-guaranteed loans, you’d be in a better position for negotiation.
Another option is to add the closing costs to the loan amount, so you have no out of pocket expenses when you refinance.
~VOW
Thanks for your replies