Can I consolidate fees into my home loan?
To consolidate fees into your home loan you will need to borrow extra to cover the cost of your home plus the fees.
For instance; if you want to borrow $200,000 to cover your home and the fees are $20,000, then you may be able to borrow a total of $220,000. If the $220,00 is over 80% of the Loan to Value Ratio then you may need to pay Lender's Mortgage Insurance on top of that.
You will need to specify where this money is going as part of your application but your lender will have it in their notes that the loan amount to be borrowed will encompass the relevant fees.
To find out more, book a free appointment with your local Aussie Broker.