Up Front Set Up Costs
Up Front Set Up Costs
Application fees – payable at the time of application.
Establishment / settlement fees – payable when the loan is settled.
Loan documentation / Lender’s legal fees – payable to cover the lender’s cost of producing the loan documents.
Valuation fees – payable to cover the lender’s cost of assessing the value of your property.
Lenders’ Mortgage Insurance (“LMI”) premiums – payable to cover the lender’s cost for LMI premiums.
Mortgage registration, transfer fees & mortgage stamp duty – payable to the applicable state government.