- 1). Read the good faith estimate your lender gives you after you apply for a loan. This will estimate the fees you'll need to pay and the amount of each. According to Rose Realty, the higher the commitment fee, the fewer other fees should be paid to the lender.
- 2). Ask the lender what's covered by the commitment fee. If she can't immediately tell you, that's a sign that the fee may be added simply because the lender can get away with it.
- 3). Request that the fee be lowered if it only covers a few things or eliminated if the lender can't tell you what it covers.
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