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| Application Fee |
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| Also called an establishment fee, an application fee is charged by the lender to cover the initial costs of processing your home loan application. Depending on the lender, this fee may cover additional costs such as property valuations. However, this is often waived when a package is selected with a loan. |
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| Valuation Fee |
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| A valuation is an assessment on the market value of a property at any given time. Lenders may order a valuation on the property you intend to purchase or use as security for your home loan. The cost of valuations may be included in your application fee or may be an additional charge from the Lender. |
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| Legal Fees |
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| Legal fees relate to the legal processing of your property purchase by a qualified conveyancer or solicitor. There are generally two components to the conveyancing fee charged by a solicitor or licensed conveyancer: a legal fee and a disbursement fee. Legal fees cover the time and skill of your solicitor/conveyancer; disbursement fees cover any costs incurred by your solicitor/conveyancer in conducting enquiries and searches on your behalf. |
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| What’s New |
Finance and Mortgage has more services than before!
Perth Office: Contact Ratna on 0410 878 138 for Free Consultancy
Sydney: Contact Madhu on 0425 341 086 or Arnab 0433 216 150 |
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