Understanding Your Mortgage Costs and Fees on Minnesota Loans

Mortgage fees can be difficult to understand. Often times fees exist for things that don’t match what they are named, sometimes they are omitted or expectations can be mismanaged. A lack of clarity, omissions and mismanaged expectations will always lead to a poor experience and worse yet, a loan that is inferior to what you could have had. It’s important to make sure that they are clearly understood, presented accurately and can be relied upon throughout your transaction. This video does not seek to interpret how other companies represent their closing costs. It has been prepared for you, iLoan’s customer or potential customer, so you might better understand how we work and how to use our systems to ensure that your transaction is as clearly understood and as predictable as it can be. Enjoy!