Mortgage registration and discharge, and land transfer fees are charged by state and territory governments to register the security for a home loan. It registers the physical property as the security on a home loan.
This process is important because it allows future buyers to check any claims that exist on a property. The fee is paid when a home loan is established or when it is discharged.
The cost of the mortgage registration and discharge fee varies depending on which state or territory you live in. Here’s what you can expect to pay:
The cost of the transfer fee varies depending on which state or territory you live in. Here’s what you can expect to pay:
You will pay the mortgage registration fee during settlement. This is the day when you officially own the property and start the mortgage. Or if you're refinancing, it's the day your new mortgage begins and you discharge your old one.
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