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Mortgage Fees

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$ 3700
Mar 2008
Scottsdale, AZ
All closing fees for new home mortgage  more... close row
$ 2400
Apr 2008
Bellingham, WA
Closing cost, loan fees, and title cost  more... close row
$ 3150
Feb 2008
Mobile, Alabama
Refinancing requires signing name 100 times  more... close row
$ 2300
Sep 2006
Greenwood Village, CO
Always read before you sign  more... close row
$ 1108
May 2008
Jim Thorpe
Qualified buyers can ask for special favors sometimes  more... close row
$ 2000
Oct 2006
Columbus, OH
Many different fees for mortgage  more... close row

Description of service

On a first mortgage for a loan of $150,000, the total fees were $2000. They were in the following categories: appraisal fee $350, credit report fee $100, tax service fee $50, loan processing fee $400, settlement fee $200, title exam fee $200, recording fees $250, tax research fee $50, courier fee $50, loan origination fee $350. These fees were all charged by a major mortgage company and were not negotiable.

Review of Service

When I was looking for a bank to handle my new mortgage, I shopped around and this was the lowest total that I found. Many of these fees are completely unwarranted, but they are a way for the bank to make extra money. While I was satisfied with the total overall price for the service, when I looked at the individual fee categories and the amounts, I was not happy, but there is no way around most of them. I was able to avoid certain other fees by complaining about them, but all of the fees that I mentioned were charged and had to be paid. Because I read a lot about mortgages and the process as I was going along, I felt like I was a pretty informed consumer, so the bank did not have to do much work to prepare and fund my mortgage. For that reason, while the price for the service was acceptable compared to other institutions, it is still unfair to the borrower.


Call every bank in your town and search the internet for the best mortgage rate and mortgage fees. Many people only look for a good rate and end up paying high fees, so it is important to compare both aspects of the loan. Also, challenge the bank on all of the fees and they should be willing to waive or reduce at least some of them, which will save you money.

$ 3385
Jul 2006
San Jose, CA
One point loan fee for lender  more... close row
$ 300
Sep 2007
Orem, UT
Consolidating credit card debt  more... close row
$ 440
Mar 2007
Oklahoma City, Oklahoma
Mortgage offer from corporate bank  more... close row
$ 350
Jan 2008
Too many fees from mortgage broker  more... close row
$ 0
Jan 2006
Boiling Springs, SC
Home loan was free because of high credit score  more... close row