[Mick]

By Brother-in-Law wants to refinance the mortgage on his house. He is not paying points, or anything like that, just a few hundred dollar initiation fee, and some other little fees, but the total closing costs are $14K. I went to the detail, and they are charging him $6,000 for title insurance, and $7,000 for "transfer tax". He is not selling the house, or re-titling it in any way, but his mortgage broker swears that you have to pay that every time you re-finance. Does this sound on the level to anyone?