I need some help\advice for my fellow taxidermist and friends. We're refinancing our home and consolidating some outstanding debt. There have been a few "problems" along the way and I sure could use your help in explaining how some of this process works. I know we're on a taxidermy forum, but I also know that many of you, like myself, come from all walks of life and I need to tap your experience. So here's the deal, we went with Green Tree mortgage broker and they found a mortgage for us at 6.5%. Tonight was our settlement and man did I get a surprise. The closing cost were $6,500! One thing I need your help with is figuring out what some of these cost are and if they're the norm even without a broker. Here's the break down (keep in mind on my list they show as being paid to Green Tree and not the mortgage holder): -Loan Origination Fee $746 -Loan Discount $746 -Processing Fee $795 -Lender Administration Fee $550 -Commitment/Lock-in $595 -Application Fee $295 If I total the cost going to company holding the mortgage it only comes to a $1000 and some change. Are these cost normal for a broker? What work did they really have to do for it? The cost of the closing fees are nulling out the advantage in interest we'd save by consolidating. I'm just curious if this is the norm or not, even for a mortgage with no "middle man"? We went through this 10+ years ago so I can't recall if it is or not.