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What other costs besides a lender/mortgage broker's fees are typically associated with traditional loans?

Asked by Trulia New York, New York Mon Jan 14, 2013

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You typically have mortgage tax, title search and title insurance, government recording fees, escrows, underwriting fee, processing fee, application fee, and possible discount points.
1 vote Thank Flag Link Mon Jan 14, 2013
That's a great question, I suggest contacting Patricia Lavigne of Luxury Mortgage. She's at 122 E 42nd St Sutie 4900, or 212-324-3000. Please note I do not receive compensation for referrals. Good luck and grab the bull by the horns!!!

Tony Lara
Licensed Real Estate Salesperson
Charles Rutenberg Realty
127 East 56th Street, 4th Floor
New York, NY 10022
(212) 688-1000 x 435 (tel)
1 vote Thank Flag Link Thu Feb 7, 2013
Interesting!
Flag Fri Feb 15, 2013
Title fees, recording fees, appraisal.
0 votes Thank Flag Link Fri Feb 8, 2013
depending on whether you are buying a condo or a coop, there will be the following closing expenses associated with the loan
Origination Costs – points 0 - 3% value of loan

Application, Credit Check, etc. $500 + up
Mortgage Tax (condominium/townhouses only)
Sales under $500,000 1.8% of entire mortgage
Sales over $500,000 1.925% of entire mortgage

Also Condo Only: Title Insurance, Title Search & Recording Fees Approximately 0.5% of purchase price

All Types of Property:
Appraisal $275 + up
Bank Attorney $500 + up
UCC-1 Filing $50 + up
Recording Charge $17 per document plus $5 per page

Coops: Recognition Agreement Fee (for coops) $200 + up
Building Searches $200 - $400
0 votes Thank Flag Link Mon Jan 14, 2013
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