All About Fees

intelliMortgage never charges fees to close a regular mortgage.

Generally speaking, the following are the only fees most clients ever need to consider:

Appraisal fee

• Applies if your mortgage is not default insured
• We refund part or all of these fees on most conventional mortgages (see: mortgage appraisal costs)

Legal fee

• Does not apply to most transfers (i.e., when you simply switch lenders with no other change to the mortgage)
• Applies to all purchases and refinances
• Rebates may be available for refinances (see: how much are legal fees)

Discharge fee

• Charged by your old lender if you switch to a new lender (see: how much are mortgage discharge fees)

Mortgage penalty

• Lenders charge penalties only if you break an existing closed mortgage before maturity
• We are happy to help you estimate your lender’s penalty

Cancellation fee

• Applies only if you cancel an approval you requested. Over 99% of people never pay this fee (more info)

For specialized mortgages (which are not arranged online), broker fees can sometimes apply. Examples of such cases include sub-prime lending for folks with weak credit, private mortgages and commercial lending.

For questions about what fees apply to your mortgage, please contact us anytime at team@intellimortgage.com.