Whether you’ve ever applied for a gym membership or withdrawn money from an ATM not affiliated with your bank, at some point in your life, you have probably incurred a service charge or fee.
This isn’t to say that we don’t charge any servicing fees. Some fees are just part of having a mortgage. However, we don’t nickel and dime our clients.
Corporate Advance Fees
A corporate advance fee is essentially a fee charged by a lender to cover servicing-related expenses that were paid with servicer funds, rather than escrow (taxes and insurance) funds.
Loan Recast Fees
This next fee can cost up to $4,000 with most servicers.
Late Payment Fees
Sometimes life can throw you curveballs that affect your ability to make your mortgage payment on time. If this occurs, you have options!
It’s Fee-sable
As you can see, even when life throws a wrench into the works, there are still ways you can avoid servicing fees.