Fees When Buying A House ◆

: The lender charged a fee to process and "underwrite" their mortgage application, often starting at 0.5% to 1% of the loan .

Here is the story of the fees they encountered on their way to the front door: The "First Impressions" Fees fees when buying a house

: Their bank required an appraisal to confirm the house was actually worth $400,000. This cost them another $350–$1,000 . The "Lender & Legal" Fees : The lender charged a fee to process

: They paid $300–$500 for a pro to crawl through the attic and check for leaks. This was an out-of-pocket cost paid directly to the inspector . The "Lender & Legal" Fees : They paid

Meet Sarah and Mike. They just found their dream cottage for $400,000. They have their 20% down payment ready, but their lender just handed them a "Loan Estimate" that made them realize the sticker price was only the beginning.