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: |
|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 are offered by McGriff Insurance Services, Inc.; Crump Life Insurance Services, Inc.; DBA BB&T Life Insurance Services; and BB&T Insurance Services of California, Inc., wholly owned subsidiaries of BB&T Insurance Holdings, Inc.
Securities and insurance products, sold offered or recommended are: NOT A DEPOSIT • NOT FDIC-INSURED • NOT GUARANTEED BY THE BANK • NOT INSURED BY ANY STATE OR FEDERAL GOVERNMENT AGENCY • MAY GO DOWN IN VALUE
Branch Banking and Trust Company is a Member FDIC and an Equal Housing Lender.