Additional Fees for Home Loans

Additional Fees for Home Loans

Be aware that you will have to pay small fees throughout your home buying process. It seems that every piece of paper you sign, file, or request will cost you some money. Here is a list of fees that you may be charged:

* Credit report fee
* Loan discount fee
* Inspection fee
* Appraisal fee
* Loan origination fee
* Mortgage insurance application fee
* Assumption fee
* Hazard insurance
* Title search fee
* Title insurance

These fees can add up, so be prepared and include these in your home buying budget. Some of these fees will not be paid until closing, but you should be planning for them in advance.