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home > home mortgages > FAQs > general > closing costs

What are the home mortgage loan closing costs?

With The Mortgage Store Online, you could have the following closing costs for your home mortgage loan:

Other home mortgage loan closing costs

Home mortgage loan closing cost #1: Mortgage loan broker fees

With The Mortgage Store Online, one of your closing costs might be mortgage loan broker fees. Broker fees are fees you might have to pay The Mortgage Store Online's brokers for providing you with their home mortgage loan services.

You usually won't have to pay broker fees if you used one of The Mortgage Store Online's institutional lenders for your mortgage-financing, like a bank or trust company. It's institutional lenders usually pay those fees for you. Cool, huh?

If you use one of The Mortgage Store Online's private mortgage loan lenders then you might have to pay some broker fees.

If you do have to pay broker fees, you won't have to literally pay them until the closing of your home mortgage loan, when you actually sign your mortgage loan contract.

Any home mortgage loan broker fee amounts you'll have to pay will vary according to your situation (the amount of money you borrow, the type of property you're getting etc.).

The Mortgage Store Online's brokers will let you know the exact cost of your broker fees if there are any, before the closing of your home mortgage loan (so before you sign your mortgage contract).

Apply for a home mortgage loan today! Fill out the home mortgage application.

Home mortgage loan closing cost #2: Mortgage loan lender fees

With The Mortgage Store Online, one of your closing costs might be lender fees. Lender fees are fees you might have to pay The Mortgage Store Online's lenders for providing you with their mortgage loan lending services.

Usually, there's no lender fees at all! Not for using The Mortgage Store Online's institutional mortgage loan lenders (like banks or trust companies) or it's private mortgage loan lenders. Neat, yes?

If you do have to pay lender fees, you won't have to literally pay them until the closing of your home mortgage loan, when you actually sign your mortgage loan contract.

Any home mortgage loan lender fee amounts you'll have to pay will vary according to your situation (the amount of money you borrow, the type of property you're getting etc.).

The Mortgage Store Online's brokers will let you know the exact cost of your lender fees if there are any, before the closing of your home mortgage loan (so before you sign your mortgage loan contract).

Apply for a home mortgage loan today! Fill out the home mortgage application.

Home mortgage loan closing cost #3: Mortgage loan legal fees

With The Mortgage Store Online, one of your closing costs will be legal fees. Legal fees are fees you have to pay your lawyer or The Mortgage Store Online's lender's lawyer for providing you with their mortgage loan legal services.

You won't have to pay mortgage loan legal fees until the closing of your home mortgage loan, when you actually sign your mortgage loan contract.

The home mortgage loan legal fee amounts you'll have to pay will vary according to your situation (the amount of money you borrow, the type of property you're getting etc.).

The Mortgage Store Online's brokers will let you know the exact cost of your mortgage loan legal fees before the closing of your home mortgage loan (so before you sign your mortgage loan contract).

Apply for a home mortgage loan today! Fill out the home mortgage application.

Home mortgage loan closing cost #4: Mortgage loan registration fees

With The Mortgage Store Online, one of your closing costs will be mortgage loan registration fees. Mortgage loan registration fees are fees you'll pay your lawyer or The Mortgage Store Online's lender's lawyer for them to register your home mortgage loan.

The home mortgage loan registration fee amounts you'll have to pay will vary according to your situation (the amount of money you borrow, the type of property you're getting etc.).

The Mortgage Store Online's brokers will let you know the exact cost of your mortgage loan registration fees before the closing of your home mortgage loan (so before you sign your mortgage loan contract).

Apply for a home mortgage loan today! Fill out the home mortgage application.

Home mortgage loan closing cost #5: Disbursement fees

With The Mortgage Store Online, one of your closing costs will be mortgage loan disbursement fees. Mortgage loan disbursement fees are fees you'll pay your lawyer or The Mortgage Store Online's lender's lawyer for them to disburse your home mortgage loan funds to the various individuals entitled to them.

The home mortgage loan disbursement fee amounts you'll have to pay will vary according to your situation (the amount of money you borrow, the type of property you're getting etc.).

The Mortgage Store Online's brokers will let you know the exact cost of your mortgage loan disbursement fees before the closing of your home mortgage loan (so before you sign your mortgage loan contract).

Apply for a home mortgage loan today! Fill out the home mortgage loan application.

Home mortgage loan closing cost #6: Land transfer taxes

With The Mortgage Store Online, one of your closing costs might be land transfer taxes. Land transfer taxes are taxes you might have to pay if you are getting a home mortgage loan to purchase property. You might not have to pay land transfer taxes depending on where you live.

The home land transfer tax amounts you'll have to pay will vary according to your situation (the amount of money you borrow, the type of property you're getting etc.).

The Mortgage Store Online's brokers will let you know the exact cost of your land transfer taxes before the closing of your home mortgage loan (so before you sign your mortgage loan contract).

Apply for a home mortgage loan today! Fill out the home mortgage application.

Other home mortgage loan closing costs

If there are any other home mortgage loan closing costs when you're getting a mortgage loan, The Mortgage Store Online's brokers will let you know what they are before the closing of your home mortgage loan (so before you sign your mortgage loan contract).

Apply for a home mortgage loan today! Fill out the home mortgage application.

If you want to find out more info about these home mortgage loan faqs topics, contact The Mortgage Store Online's brokers by using the contact form or by calling them at 1-866-880-2577.

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The Mortgage Store Online, Inc.
Canadian Head Office: 54 Vansittart Avenue Woodstock, Ontario, Canada N4S 6E4
Home Mortgages: Phone: 1-866-880-2577 Fax: 1-866-270-1984
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