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  • Enric Tarraso-Letang

What are the extra costs of buying a home?

Application & establishment fees, stamp duty + more.


When taking out a mortgage, many people forget to consider the associated fees and expenses. Here are some of the extra costs that you’ll need to consider when you take out a home loan.


Home loan application fees

Most lenders charge a home loan application fee. This can range from loan to loan, and covers:

  • Loan contracts

  • Property title checks

  • Credit checks

  • Attending a settlement


Mortgage fees and costs

  • Mortgage establishment fees – Lenders generally charge a mortgage establishment fee – a fee for setting up a mortgage.

  • Property valuation – A third party chosen by the lender, is appointed to determine the value of your land and improvements.

  • Mortgage registration – Your Mortgage de