A mortgage can be very expensive, on this edition we discuss Junk Fees. What are these unnecessary fees and how do you avoid them on your home loan. You can save hundreds of dollars if you see one of these fees on your loan paperwork and simply ask your loan officer to remove it. Junk fees, Garbage fees, whatever they call them, they're not needed.
Also we answer a listener's question about escrow impound accounts. Then we give a quick definition of equity.
Show Notes: Impound accounts are monthly payments for your property taxes and homeowner's insurance.
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