Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.
Mortgage Lending Fees
Important Information About Rates and Fees in New York
| Fee | Description | Amount |
|---|---|---|
| Late Fee | Charged when a scheduled payment isn’t received by the due date or end of the courtesy period. | Review your loan agreement |
| Non-Sufficient Funds (NSF) | Charged when a payment is returned or your financial institution doesn’t honor the payment. | $20.00 |
| HELOC Annual Fee | Charged annually during the line of credit draw period, beginning on the first anniversary date | $50 each year during the draw period - Initial annual fee appears on the first statement |
| Expedited Document Delivery Fee | When you request expedited delivery of your loan documents | $15.00 |
| Fixed Rate Transfer Fee | Charged when you elect to lock or unlock a portion or all of your Home Equity Line of Credit Balance to a fixed interest rate. | $100.00 Each time a balance is locked or unlocked |
| Property Inspection Fee | Assessed to determine the current occupancy and condition of the property | Up to $30 |
| Principal Reduction Re-Amortization | If you make a large principal balance reduction and we agree to modify your loan so you can lower your monthly payments. | $250 |
| Subordination | When we agree to allow our lien priority to be placed behind that of another lender. | Up to $250 |
| Partial Release / Land Transaction | If there is a request made to release part of the collateral or for any other requests to modify the collateral in any other way (Example: adding collateral, lot line adjustments, easements etc.). | Up to $500 |
| HELOC Reimbursable Fee | A Recapture Fee is charged if the loan is paid in full within it’s first 3 years | Review your loan agreement |
| Loss Draft Inspection | Assessed to determine property damages and repairs made in order to release hazard insurance claim funds. | Up to $60 |