Can a mortgage company to add points and origination fees, if we do not have facts on our good faith estimate?

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On our good faith estimate, we have no points and fees, but our mortgage company has recently decided to add it to our credit, she said she made a mistake. Can you?

  1. Reply
    Brian A
    May 19, 2011 at 2:42 am

    Yes. You do not have a contract with them and at this point the alternative is that they could refuse to give you a loan at all.

  2. Reply
    Expert Realtor
    May 19, 2011 at 3:06 am

    Yes they can, but federal RESPA guidelines also says they must RE-DISCLOSE the updated GFE and TIL with the changes.

    The deal isn’t done until you either lock or close.

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