How Does the Lender Handle Closing Costs and Other Fees?

These questions will help you uncover all the costs associated with your loan.

• Will you help me understand the purpose of all my closing expenses?
  
• What fees and rebates – whether or not I pay them directly – do you expect to earn as a result of placing my mortgage? What is your policy about disclosing all fees and rebates?
   
• How can you assure me that I can avoid paying "junk fees" and unnecessary add-on loan expenses?
  
• If I decide not to use your company, what advance fees do you refund? Also, will you return my original loan package? When will I receive it?
  
• How far in advance of closing will you furnish me with the closing (HUD-1) statement that itemizes the fees, points and other closing costs?
  

When looking for a lender, make sure you cover each of the question categories: 
General questions to ask a lender
How does the lender protect home buyers’ interests?
What information does the lender disclose?