Home Loan: Hidden Costs Overview
Every loan has some extra costs attached to it. And for reasons best known to lenders most of these are hidden or coded. Get an approximate of the extra charges you may have to pay for your home loan. Here's a list of a few such charges.
- Processing or administrative fees of any nature.
- Commitment fees (rarely charged these days).
- Legal fees payable to the lender or to the legal consultants of the lender.
- Stamp duty on creation of mortgage
- Prepayment charges
In short, make sure you read your sale agreement carefully!
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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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