FAQWhat are the fees the borrower pays?

What are the fees the borrower pays?

The borrower will need to pay the following fees:

  • An origination fee of 2.5% of the loan amount.
  • Broker fees as determined by the mortgage broker.
  • A title monitoring fee of $175.00.
  • A title insurance fee of $375.00.
  • A conveyancing fee. Typically around $1200.00.
  • An inspection fee. Depends on inspector & property, typically $500-$700.
  • An appraisal fee. Depends on appraiser & property, typically $500-$700.