Another consideration on home loans online applications would be the actual points that are paid on the distributed funds at the time of closing. The more points paid on a home loan online application usually means a lower interest rate. Points are fees that are paid at the time of closure of the mortgage and each point is 1% of the total amount. Other fees when applying for a mortgage may include those for an appraisal, application/underwriting, credit report, origination fees, notary, survey, title search, and others.