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Will I be charged any fees if I authorize my credit information to be accessed?
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Will I be charged any fees if I authorize my credit information to be accessed?
There is no charge to you for the credit information we'll access with your permission to evaluate your application online. You will only be charged for a credit report if you decide to proceed with the application process.
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What Are Lender Fees?
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What Are Lender Fees?
Fees such as points, underwriting fees, and loan processing fees are retained by the lender and are used to provide you with the lowest rates possible. This is the category of fees that you should compare very closely from lender to lender before making a decision.
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What Tax Fees and Unavoidable Fees Can I Expect?
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What Tax Fees and Unavoidable Fees Can I Expect?
Fees that we consider to be taxes and other unavoidable fees include State/Local Taxes and recording fees. These fees will most likely have to be paid regardless of the lender you choose.
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What Are Third Party Fees?
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What Are Third Party Fees?

Third party fees are fees that we'll collect and pass on to the person who actually performed the service. 

Fees that we consider third party fees include the appraisal fee, the credit report fee, the survey fee, tax service fees, title insurance fees, flood certification fees, and courier/mailing fees. 

For example, an appraiser is paid the appraisal fee, a credit bureau is paid the credit report fee, and a title company or an attorney is paid the title insurance fees. Typically, you'll see some minor variances in third party fees from lender to lender since a lender may have negotiated a special charge from a provider they use often or may have chosen a provider that offers nationwide coverage at a flat rate.

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Tell me more about closing fees and how they are determined.
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Tell me more about closing fees and how they are determined.
A home loan often involves many fees, such as the appraisal fee, title charges, closing fees, and state or local taxes. These fees vary from state to state and also from lender to lender. Any lender or broker should be able to give you an estimate of their fees, but it is more difficult to tell which lenders have done their homework and are providing a complete and accurate estimate. We take quotes very seriously and have completed the research necessary to make sure that our fee quotes are accurate to the city level.
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Do you charge for any prepayment penalties?
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Do you charge for any prepayment penalties?
Some lenders may require you to pay special fees or penalties if you pay off the ARM early. We never charge a penalty for prepayment.

 

 

These questions and answers are provided for general information only and may not be completely accurate in every situation. The information provided is not legally binding on MutualBank or any of its affiliates or subsidiaries. For assistance with specific questions regarding your account(s), please contact us.

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