Extra mortgage costs
Many debtors get surprised that apart from interest they are to bear some extra costs. First of all, let’s determine what we consider to be extra costs. Usually, these are charges for credit and account maintenance, debtor’s life insurance, notary’s and estimator’s fees, as well as realtor’s. Besides, you’ll have to pay for mortgage contract registration and flat ownership legalization.
Each potential debtor looks for a reasonable credit interest rate. However, low interest rate doesn’t guarantee reasonable credit terms. With some banks you still have to pay for such services as consideration of your application, opening of an account and its maintenance. And this is in spite of tough competition in the sphere. You are most likely to be confronted with this phenomenon in those banks that have a lower credit interest rate.