Browse Forums General Discussion Re: Signing my mortgage docs tonight 5Aug 05, 2009 2:16 pm Where you are coming from is where you are going to... Re: Signing my mortgage docs tonight 13Aug 06, 2009 3:27 pm I was more nervous about signing my home loan than the paper work on the day I got married... in fact I sort of forgot how to sign my signiture for my homeloan... I had to practise 10 times on a peice of paper before I got it right again. I read my contract multiple times until I understood it. Re: Signing my mortgage docs tonight 14Aug 06, 2009 3:52 pm Rather than counting on someone telling me, or of myself finding it in the small print, I make a point of asking: are there any other fees? or So the only fee is for doing x? and making notes at the application interview. We are with a credit union and I must say credit unions are much more reasonable than banks with fees or lack thereof - we have no account keeping fees, loan service fees, direct debit or Bpay fees or any of that, no charge to pay out loan or make extra payments and a small $15 fee for redrawals - I think this is reasonable, just enough to make you think twice about redrawing and only doing it when you really need to. Re: Signing my mortgage docs tonight 15Aug 06, 2009 4:16 pm jcjuice well for instance our bank had a hidden fee that we get whacked every time we make a progress payment ($80 a pop). 5 progress payments at $80 is an unexpected $400..... We are the same we are about to sign our papers but as we read the contract all these fees are listed. $600 Establishment Fee $50 per progress payment $350 for refinacing our current loan on the land to create a building loan. LMI $814 Doesn't seem to have as many fees for this loan as what we did for our first loan when we brought the land. But then they have put all these other fees on there just incase we use them such as the fee for bank cheques etc. |