What fees are associated with a home loan in Australia?
When you apply for a Home or Investment Loan in Australia, you may incur fees for, but not limited to the following: • Establishment of the loan • Land Title search • Stamp duty on the mortgage • Registration of the mortgage • Lenders mortgage insurance (LMI) – if you have less than 20% equity in the property • Depending on the amount borrowed and value of the property a valuation may be required • Stamp Duty on Registration* • Stamp duty on Transfer* • Other costs • Conveyancing costs • Building insurance * Only applies if purchasing a new property or construction of a new property
