19 Mar 2021

Mortgage Registration Fee: How Much Should I Expect to Pay?

Mortgage Registration Fee: How Much Should I Expect to Pay?


Purchasing a home is an administrative-intensive process. Although we use technology and computers, there are several departments involved such as legal. Each department charges a fee to complete their task. Thus, the existence of the mortgage registration fee. The following is additional information about this charge.

What is the Mortgage Registration Fee?

The mortgage registration fee is imposed by the lender. The lender registers the property against the home loan. This process turns the house into a security. If an applicant does not complete their repayments, a lien is placed on the property. The lien allows the lender to take possession of the home if a default occurs. Lenders are willing to help applicants purchase a home, but they are also in the risk management business. The amount they lend for small homes is still significant, which makes taking a loss a non-starter. So, the property becomes an asset that covers the loss because it can be re-sold. 

All fees incurred cover the cost of processing a home loan and purchase application. The fees are lumped into the principal financed or taken from your deposit. Our team outlines the fees so you understand the breakdown of all the costs. Since the registration fee is determined by the states, we look up the information to ensure accuracy. 

Mortgage Registration Fee Conclusion

The mortgage registration fee is one of many incurred during the home purchase process. The exact amount varies based on the house’s location. Our Mortgage House team details the cost for you as well as the other fees. We also offer our best rate mortgage calculator, which allows you to study several home loan rates.

Fast track your home loan
Apply Online Book a Call Back
133 144

Why Choose Mortgage House?

Award Winning