When arranging a private mortgage on a residential property in Ontario, you can expect several types of fees. Here are some common ones:
Lender Fees
These can include application fees, underwriting fees, and any fees specific to the lender. Fees generally range from 1-3% of the mortgage amount, depending on the complexity and risk involved in the transaction. For lower risk mortgages there may be no lender fees.
Legal Fees
In a private mortgage transaction, there will be ...
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