Wednesday, November 28, 2007

Information About Your Home Mortgage Loan Closing Costs

A home mortgage loan broker should provide you with information about your mortgage loan closing costs. Sometimes you can't predict all the little extra costs involved in closing a mortgage loan. Especially if it's the first time you've gotten a mortgage loan, or it's the first time you've used a particular broker.

Knowing what costs are involved is necessary - you need to know the full expense of getting a mortgage loan in order to see if you can afford to get one when you want to. If a broker won't tell you about the closing costs involved (and especially about their broker fees) it's best you move on to another broker.

Just so you're aware, closing costs for a home mortgage loan generally include:

  • Mortgage loan broker fees
  • Mortgage loan lender fees
  • mortgage loan legal fees
  • Mortgage loan registration fees
  • Disbursement fees

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