Calculating Mortgage Registration Fee
Mortgage Registration Fees are calculated on .15 per $1000 of money borrowed.
Amount of Indebtedness $50,000.00
Registration Fee X .0010
Total Mortgage Fee Due $ 50.00
(Indebtedness includes mortgage amount, loan amount or amount borrowed)
$18.00 for the 1st page and $14.00 for each additional page, printing on the front and back of one sheet of paper is considered 2 pages. i.e. a 12 page document would have a $172.00 recording fee. These fees are per document to be recorded.
Mortgage Registration Fee- $50.00 plus Recording fee $172.00 = $222.00 total amount due.
What is a Mortgage
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1. loan agreement secured by property: an agreement by which somebody borrows money from a money-lending organization such as a bank or savings-and-loan association and gives that organization the right to take possession of property given as security if the loan is not repaid
2. contract between borrower and lender: a written contract describing the agreement between a borrower and a lending organization by which a loan is given against security
3. total money borrowed: the total amount of money lent to a borrower by a money-lending organization, with some of the borrower's property being given as security
For More Information
If you have any questions, please contact the Register of Deeds Office at (620)793-1849.