Administration Fee - Fee charged to process the loan for approval. Assumption Fee - Fee assessed by lender to the buyer to assume the seller's existing loan. Commission - Fee generally paid by seller to real estate agents for sale of property. Credit Report - Fee assessed by lender for required credit information from credit bureau. Discount Points - Points lender charges to increase the investor's yield.
Points fluctuate with mortgage.
Escrow Balance - Buyer's purchase of seller's existing reserve account, i.e. taxes and insurance. Flood Certificate - Required by lender to obtain information designating status of subject property regarding floodplains. Home Warranty Fee - One year home systems and appliance warranty. Fee - Maintenance fee assessed property owners within a condo or townhouse complex, a planned unit development or a single family residence subdivision. Insurance - Premium paid 1 year in advance for buyer hazard or homeowner's policy.