Tag Archives: Lenders

Home Loan Exit Fees: Will mortgage “exit fee” ban undo homebuyers

Mortgage exit fees are the name given to deferred establishment fees, these fees are to offset bank costs for setting up the loan in the first place.
They have a long standing history of being charged, even though one would reason that this was the purpose of charging interest rates [to cover the cost of such work.]
By deferring the establishment fees, and letting them disappear after the loan was 5 years old, or even less, it had three effects.

Home loan applications that could get your loan declined

I wrote an article about the mistakes I see home buyers and homeowners making that get their loans declined at Mr Mortgage I thought that I should write the article here also as an article.

Credit reporting your full finances profile before you get your mortgage

Government plans to give banks the ability to collect a full credit profile of mortgage credit applicants your finances profile before you get your mortgage