What are the costs related to the mortgage financing?

February 23, 2017 Posted by: REMAXJA Admin

The costs incurred during mortgage financing include: Commitment Fee: 1%-3% depending on the Financial Institution; Stamp Duty on mortgage and copy mortgage: $1.00 per $200 of loan amount, plus 25% of this figure, plus a further sum of $110; Registration Fee: 0.5% of loan amount, but reduced to half this amount if mortgage is to be registered simultaneously with transfer. Legal Fees: 1% to 2% of loan amount plus General Consumption Tax of 15% on legal fees. You should check with a mortgage financing institution to verify the above. You […]

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