Real estate slang for the additional costs that a lender and/or broker charge a borrower
Warehouse and administration fees are examples of "garbage" fees that you're required to pay at closing. Discount points and the broker origination fee are not garbage fees. The average cost of garbage fees can range from $25 to $500. You can see a break down of all your closing costs on the Good faith estimate, which you receive from your lender or broker after you apply for a loan.
More on: Closing costs