What are the fees a buyer must pay upfront?
• Earnest money • Home inspection • Lender application fee, which typically includes the cost of ordering preliminary information The total amount of fees for the loan are disclosed on the Good Faith Estimate that the lender provides no later than 3 business days from the date of loan application. The rate lock fee and preapproval fee may be prepaid by the lender and then is due at closing from the borrower.
