Manage Your Mortgage Fee Schedule

The following list describes fees that may apply to you if you request certain mortgage-related services from BB&T. Keep in mind this isn't a complete list of all costs that could be assessed on an account.
 

Name of fee Fee description Fee range
Late charge A fee assessed when you don't make your mortgage payment within your grace period Fees vary by contractual amount, type of loan and state regulation. Please refer to your loan documentation for additional details.
Return payment fee Allowable fees for checks or other instruments that aren't honored by your bank. The fees will be assessed automatically. Fees vary by state from $0 to $50
Assumption fee A fee assessed when one party assumes an obligation originally incurred by another Up to $900, subject to applicable law
Balloon reset fee A fee assessed when resetting the interest rate on the loan to the current market rate for the remainder of the loan's amortization All states except NC: $250. NC: $150 if outstanding principal balance is less than or equal to $60,000. 0.25% of outstanding principal balance if balance is greater than $60,000.

Refer to your note for specific fee information.
Consolidation, extension, modification agreement (CEMA) A fee assessed when combining two or more loans into a new, consolidated loan, which also reduces the amount of money a borrower pays in New York state mortgage taxes $1,500
Partial release fee A fee associated with a partial release of collateral that was used as security for the mortgage loan All states except NC:
$100
NC: $0
Recast/reamortization fee A fee charged to the borrower to reamortize the loan, usually after a significant curtailment is made to the loan. Some lenders offer homeowners a chance to lower their monthly payments by "recasting" or "re-amortizing" their current UPB over the original term. All states except NC: $250. NC: $150 if outstanding principal balance is less than or equal to $60,000. 0.25% of outstanding principal balance if balance is greater than $60,000.
Payoff statement fee A fee assessed when providing a statement of the amount of the unpaid balance of a loan secured by a mortgage, including principal, interest and any other charges properly due under or secured by the mortgage, and interest on a per day basis for the unpaid balance by expedited means, if allowed by applicable law.

This fee also can be associated with multiple requests made by the borrower.
Up to $15

Loans, lines of credit and credit cards are subject to credit approval.

Insurance products and services offered through McGriff Insurance Services, Inc., a subsidiary of BB&T Insurance Holdings, Inc., are not a deposit, not FDIC insured, not guaranteed by a bank, not insured by any federal government agency and may go down in value.

Investment and Insurance Products: 

• Are not FDIC or any other Government Agency Insured • Are Not Bank Guaranteed • May Lose Value

Truist, BB&T®, BB&T Securities®, BB&T Sterling Advisors, Sterling Capital®, BB&T Investments, BB&T Scott & Stringfellow®, SunTrust®, SunTrust PortfolioView, SunTrust Robinson Humphrey®, SunTrust Premier Program®, AMC Pinnacle®, AMC Premier®, Access 3®, Signature Advantage Brokerage, Custom Choice Loan®, SunTrust SummitView® and GFO Advisory Services® are service marks of Truist Financial Corporation. All rights reserved. All other trademarks are the property of their respective owners.

Services provided by the following affiliates of Truist Financial Corporation: Banking products and services, including loans and deposit accounts, are provided by SunTrust Bank and Branch Banking and Trust Company, both now Truist Bank, Member FDIC. Trust and investment management services are provided by SunTrust Bank and Branch Banking and Trust Company, both now Truist Bank, and SunTrust Delaware Trust Company. Securities, brokerage accounts and /or insurance (including annuities) are offered by SunTrust Investment Services, Inc. and BB&T Securities, LLC, and P.J. Robb Variable Corp., which are SEC registered broker-dealers, members FINRA, SIPC, and a licensed insurance agency where applicable.  Investment advisory services are offered by SunTrust Advisory Services, Inc., GFO Advisory Services, LLC, BB&T Securities, LLC, Sterling Capital Management, LLC, Precept Advisory Group, LLC, and BB&T Institutional Investment Advisors, Inc., each SEC registered investment advisers.  BB&T Sterling Advisors, BB&T Investments and BB&T Scott & Stringfellow are divisions of BB&T Securities, LLC.   Mutual fund products are advised by Sterling Capital Management, LLC. Mortgage products and services are offered through SunTrust Mortgage, a tradename for SunTrust Bank now Truist Bank.

The information contained herein is for informational purposes only and does not represent an official statement of your SunTrust Investment Services, Inc. account. Please refer to your monthly or quarterly statements for a complete record of your transactions, holdings, and balances.

"SunTrust Advisors" may be officers and/or associated persons of the following affiliates of Truist Financial Corporation: SunTrust Bank now Truist Bank, our commercial bank, which provides banking, trust and asset management services; SunTrust Investment Services, Inc., a registered broker-dealer, which is a member of FINRA and SIPC, and a licensed insurance agency, and which provides securities, annuities and life insurance products; SunTrust Advisory Services, Inc., a SEC registered investment adviser which provides Investment Advisory services.

SunTrust Private Wealth Management, International Wealth Management, GenSpring, Business Owner Specialty Group, Sports and Entertainment Group, and Legal and Medical Specialty Groups are marketing names used by SunTrust Bank now Truist Bank, SunTrust Investment Services, Inc., and SunTrust Advisory Services, Inc.

SunTrust Robinson Humphrey is the trade name for the corporate and investment banking services of Truist Financial Corporation and its subsidiaries, including SunTrust Robinson Humphrey, Inc., member FINRA and SIPC.

Branch Banking and Trust Company is a Member FDIC and an Equal Housing Lender. 

Branch Banking and Trust Company is now Truist Bank. Learn more.

BB&T and SunTrust have merged to become Truist. Both institutions will continue to offer independent product lines for a period of time. This may include differing underwriting guidelines, product features, terms, fees and pricing. Our friendly teammates at your local SunTrust branches will be happy to walk you through their respective products. You can also learn more by contacting them at 800-SUNTRUST or SunTrust.com.

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