In addition to the interest amount, the amoutn paid for points is a deductible item on federal tax returns for the year in which they are paid. Sometimes when a buyer has difficulty finding mortgage money, a finder's fee may be involved. You should know in advance what this charge will be. It is one of the fees you should know before the service is provided and whether or not you must pay it if you do not accept the loan. A termite or other inspection may be required.
Termite inspections are particularly important in certain areas of the country.
Some times these are paid for by the seller, who may be required to give you a certification that the home is termite-free. Other inspections which you or the lending institutions require, such as furnace and wiring checks, may be paid for by you. Be sure to know what inspections are required and how much they will cost. A title company or lawyer will search through records of previous ownership to be certain the property is free and clear of any liens or encumbrances. In most cases the lender will insist on insurance to cover the loan amount.