It's a long form, divided into six sections that are numbered strangely I might add. The section numbers are 800, 900, 1000, 1100, 1200, and 1300, and they are assigned as follows:

If you're refinancing, there maybe discounts if you use the same title agency. Some call this a reissue of an original title report, which can cost much less than a full title insurance policy. This is something you need to ask for. Don't assume the lower policy premium will be offered automatically because a full title policy costs more than a reissue.

Your credit report, offered by an AUS, can be the source of another cost savings. In the past, the Residential Mortgage Credit Report (RMCR) would cost $70 or more and would take three to five days to get from the credit reporting company.

A typical fee for a conventional appraisal is $300. But with the advent of AUS applications, sometimes those approvals also come back with reduced appraisal requirements. Appraisals come in five varieties:

They can be, but some of them will be different. When refinancing, you can get discounts for reissued title policies, and if your lender requires a survey you can sometimes use your old survey instead of paying for a new one.

You can only save on closing fees that can be negotiated. Some fees are set in stone by the individual company, while still other charges are controlled or set by the local, county, or state government. These are sometimes called ''required'' and "nonrequired" fees.

Because they can. If your local market has established that most lenders charge a $200 application fee, then you can expect that fee. Lenders charge fees to offset the initial expenses of finding and funding a mortgage loan request.