I inherited my fathers property and realized that out of the $ 499,000 mortgage he had only $ 465,000 went to him. The rest went to numerous people including $ 21k to a title company. Is this normal? What is the average cost of a mortgage, and does it usually cost more the more you barrow(not talking about intrest)?
Thank you very much. I am not concerned about it at this point, but I may barrow against the current equity to improve the property and am wondering if so, what can I expect?