19 Feb 2022

Are Mortgage Application Fees Normal?

Application Fees and Home Loans

Most financial products have application fees attached to them. The fees cover the time it takes to complete the administrative tasks of an application. In the mortgage lending market, loan specialists put together a docket per application. Homeowners know the amount of paperwork and financial documents they must provide is stack worthy. Filling out the application alone takes a few hours, at least.

Thus, fees are a normal part of the process. However, homebuyers should know that it’s possible to waive and defray them. Loan specialists at Mortgage House assess an applicant’s financial situation. Then, they find the best solutions for their purchase and goals. 

The Australian government sets aside several resources to turn renters into first-time homeowners. Each territory offers a grant that covers the upfront and closing fees associated with home loans. Homebuyers can also fill out a fee waiver form and receive it.

In addition, Mortgage House offers a no-fee home loan to consider. Other homebuyers qualify for discounted interest rates and promotions. The savings help pay for the upfront, ongoing, and exit fees in the long run. Moreover, once you become a Mortgage House client, you receive access to our other loan products. If you need to consolidate your debt, you can. Our car loan offers competitive terms too. 

Application Fees and Home Loans Conclusion

The number of financial products that have application fees might surprise some individuals. To gain a person’s business, many providers waive it. Mortgage House helps homebuyers minimise and waive the upfront fees. Contact our loan specialists today

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