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Many mortgage brokers add in fees to your mortgage loan that aren't completely necessary to process your loan. Sometimes, either the fee itself is not necessary or it can be too inflated. If you are educated about your mortgage loans and the fees involved, you may be able to negotiate for lower fees.

Here are some sample mortgage fees that you might find to be over inflated:

Processing fee - Not only does the mortgage broker receive a fee from the lender, but the borrower is also charged a fee for 'processing' the loan. This fee usually cannot be avoided, but beware of brokers who charge more than $1000.00, as this is considered very excessive.

Real estate agent's administrative fee - Many real estate agencies have started charging a fee, around $200, to both buyer and seller. This is in addition to any real estate commission earned by the agents. Talk to your agent and see if you can have this fee removed.

Mortgage Origination Fee - The origination fee is basically what the broker charges for doing the loan, normally between 1-2% of the loan amount. This is a common fee for a broker's services, but unless you have a very complicated loan, paying 2% is too high.

These fees are approximate and based on the information available at the time this article was written. Talk to your broker about negotiating lower fees if you feel you are being overcharged for anything. You might be surprised how willing to work with you a mortgage broker can be if you are educated about your mortgage loan. It is also a good idea to compare different brokers and lenders. Ask for quotes from several different brokers and lenders. This will give you more leverage to negotiate lower fees.

Disclaimer: These recommendations are not personal financial advice. Contact your own financial consultant before acting on any information here.