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What types of fees should I expect to pay?

This depends but, in general, costs might include a lender application fee, an origination fee (typically 1% of the loan amount), administrative fees, title insurance company costs (settlement fee, title search, title insurance premium, handling/service fees, recording fees paid to the Clerk of the Court). Your new lender will disclose their fees to you on a Good Faith Estimate, which is usually done at the time of application or soon after. The sum of all charges could amount to 2-3% of the loan amount. If you don't have the available cash to cover the associated loan costs, you might want to look for lenders offering "no-cost" loans. There will be a slightly higher interest rate associated with such a loan, so discuss the pros and cons with your lender. In addition, if you have a prior First American Owner's Policy which is less than ten (10) years old, you qualify for a discount on the title insurance. You will need to provide us with a copy of the policy.

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