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I hear my loan officer talk about 3rd party costs. What are the 3rd party costs?

April 26, 2017costs hear loan officer party talk

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I hear my loan officer talk about 3rd party costs. What are the 3rd party costs?

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The 3rd party costs include the appraisal fee, credit report, inspection, assumption, tax service, title charges and government fees. These costs are not part of the lenders or brokers costs and they do not have control over these fees but will pass these on to you. These fees should all be very similar no matter what company or loan officer you decide to do business with.