Junk Fees to be aware of!

Almost every loan is going to have associated with it fees for insurance, valuation, etc. Most of these fees are commonly required amongst all lenders and they must give you a list of their costs associated with a mortgage.

Despite the fact that the costs are disclosed, some lenders may include extraordinary "junk" fees in their costs that an unwary buyer may not recognize as an extra fee.

At the time of a loan application lenders are required to give you a written closing cost estimate.

First, determine if your rate has been loaded. Some lenders advertise artificially low rates to attract customers but load up on fees to compensate for a lower rate.

A tip off to a lender that charges hidden fees would be a lender who advertises interest rates that are appreciably lower than the competition. Interest rates are very competitive and shopping for the very best rate may in fact work to your disadvantage.

Differences in rates of 1/8th or 1/4th of a percent result in very little difference in a payment and may be offset by poor service and added hidden fees.

Your only defense against being overcharge is knowledge...

Now, in 2 days time, I'm going to send you a very special video called:

“9 Critical Questions You Must Ask Before Applying For A Mortgage!”

This video will show you exactly what questions you must ask to avoid being taken advantage of and to make sure you get the best home loan deal for yourself.