Prepaid Mortgage Interest 

This one tends to get under the collar of borrowers. Assume you get your loan and are ready to close on the beautiful new home. You might be surprised by something called prepaid mortgage interest. Remember, lenders want to be protected. With this fee, lenders want the interest from the day of funding until you make your first payment in advance. Some want it and some don't. The key is to know what the lender expects of you and budget for it. Otherwise, you can get caught out in a bad situation.