CHG's Blog

The Most Common Mortgage Expenses

Comisiones de hipotecas habituales

When requesting a mortgage there are many points to take into account. It is necessary to inquire about the mortgage rates that exist or to know the requirements that must be met, as well as the most common mortgage expenses. Today we are going to tell you about the latter.

These are the most common mortgage fees

  • Opening commission. This charge is derived from the signature and formalization of the mortgage. It’s the only commission that the client must face when formalizing the loan with the bank. When and how is it to be paid? The bank will inform you in advance of the amount of this commission.
  • Commission for consideration and management. In the past this commission was charged by the bank for carrying out checks on said mortgage. Currently, thanks to the new mortgage law this expense is included in the opening commission.
  • Paperwork commission. The same thing happens to this commission as to the previous one. Before it was charged separately but today this expense for mortgage viability analysis services is included in the opening commission.
  • Early repayment fee. When we make a change to the mortgage contract, either by paying all or part of the mortgage in advance, the bank penalizes this action through this amortization fee.
Comisiones de hipotecas habituales

As you can see, there are currently two main mortgage fees and only one applicable to all cases. But it is always necessary to be well informed if we are going to carry out an action like this. So, make a note for when you go to order yours.

And if you want to know more about the steps you should take when buying a home, do not hesitate to take a look at our blog. In it you will find a variety of tips to guide you in this important process.

Posted in UncategorizedTagged
Abrir chat
Hola, en que podemos ayudarle. Can I Help you?