Michigan Closing Cost Mortgage Information

Closing Cost Fees
Mortgage costs for many buyers can be overwhelming. You can always negotiate the price of the home including mortgage closing costs. Some sellers are willing to cover a percentage of the costs involved with closing on a loan. This will decrease the amount of money out of pocket you need to deliver on the day of the closing. This is for purchase loans only.

The settlement statement charges and name of the fees may be different from state to state. At Inter-Lake Mortgage Company, LLC we charge the very minimum and find the lowest cost saving services (title company). You have the right to choose who you want to use for the services. When you receive a good faith estimate at the time (within 3 business days) when you applied for a loan - please check all the fees charged - remember to take it with you to the closing of your loan. You can apply online with us today and find out what are the minimum costs of doing a loan.

A Michigan Lending Company considers "JUNK FEES" as: Application fee, discount points, funding fee, admin. fee, cancel fee, broker fee, or any other fee not paid to a third party for services, except the processing fee. We want you to save money.

Closing Costs Information
This is very important to know what are your closing costs and who receives the money for the service! Below are standard fees charged by third party services, plus closing cost fees to look out for.

Here is the list of line item fees on your good faith estimate you received.

The closing cost charges and name of the fees may be different from state to state. At Inter-Lake-Lending we charge the very minimum and find the best and cost saving title company service. When you receive a good faith estimate at the time you applied for a loan please check all the fees charged - remember to take it with you to the closing.

What A Michigan Lending Company considers "JUNK FEES": Application fee, discount points, funding fee, admin. fee, cancel fee, broker fee, or any other fee not paid to a third party for services, only one may be processing fee.