These are fees that are part of your closing costs. They are paid to the county for recording a home sale, thereby making it part of the public records.
Recording fees are the money paid to the lender to record a property sale with the local authorities, which will make it part of the public records. This can be done for legal documents like a deed, satisfaction of mortgage or a mortgage note.
Recording fees are usually determined by the number of pages in the document being recorded such as mortgage and promissory note.
These fees are usually wrapped into the cost of the mortgage. Your loan has to be recorded with the county recorder. These are the fees that are charged for the recording.
Typically you will see these fees charged by the title company or closing attorney.
If doing a first and second mortgage recording fee's will be slightly higher than if you were to do just a first mortgage alone. There is more paperwork to record and in turn your fee's increase.
Recording fees are necessary is every mortgage transaction. These fees are relatively small compared to other finance expenses. In most counties, there are initial recording fees plus an additional fee per page filed.
If a lender or broker tells you that your loan has no fees or no closing costs, this fee will be paid by the lender The lender does this by charging you a slightly higher interest rate.
A mortgage broker has not control over recording fees, they are set by your local government.
Recording fees vary considerably from county to county. Different fees are charged for recording a mortgage, a mortgage discharge, a deed, etc. So, if you are refinancing, for example, you would need to record a new mortgage, record a discharge of the old mortgage(s), and record a new deed.
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Information listed above is to be used for educational purposes only and is not guaranteed