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