All,
I am in the process of getting a "topup" done on my home loan to release some equity. I was initially told by my mortgage broker that there is a $250 topup fee. I have instructed them to go ahead and do it, and then they have come back saying the loan provider (ING) have said I must pay:
$250 top up fee.
$198 valuation fee (as last valuation is older than 3 months old)
$165 solicitors preparation fee.
Total $613.
Is this normal for a topup or am I getting ripped off? I am on a "basic" loan (mortgage simplifier).
Regards,
Jason
I am in the process of getting a "topup" done on my home loan to release some equity. I was initially told by my mortgage broker that there is a $250 topup fee. I have instructed them to go ahead and do it, and then they have come back saying the loan provider (ING) have said I must pay:
$250 top up fee.
$198 valuation fee (as last valuation is older than 3 months old)
$165 solicitors preparation fee.
Total $613.
Is this normal for a topup or am I getting ripped off? I am on a "basic" loan (mortgage simplifier).
Regards,
Jason