What is included in closing fees?
In general, a home loan involves several fees, including the appraisal fee, title charges, closing fees, and state or local taxes. These fees vary from state to state and also from lender to lender. Any lender should provide you with accurate costs. MIT FCU takes quotes very seriously. We've completed the research necessary to ensure that our fee quotes are accurate to the city level - and that is no easy task! For more information on fees read our blog titled: Closing Fees and What You Should Know.
- Are there any prepayment penalties charged for these mortgage loan programs?
- Should I perform an APR comparison to decide who offers the lower rates and fees?
- What should I consider when deciding whether to lock my interest rate in?
- Is it worth it to pay points in exchange for a lower interest rate?
- How is an adjustable-rate mortgage different from a fixed-rate mortgage?