Home Loan: Hidden Costs: Overview
- Processing or administrative fees of any nature.
- Commitment fees (rarely charged these days).
- Legal fees payable to the lender or to the legal consultants of the lender.
- Stamp duty on creation of mortgage
- Prepayment charges
In short, make sure you read your sale agreement carefully!
Home Loan: Hidden Costs: Basics
There are other charges in a home loan.
Some common problems faced by home loan customers along with possible ways to avoid them.
Read all about the balance transfer option on home loans.
Find out how home loan prepayment will be of help even if you have not received the benefit of lower home loan rates.