1. Apply to a minimum three lenders to compare administrative fees. One of the biggest closing costs is the administrative fees lenders charge. When you apply to numerous, you will receive closing estimates from each one. Compare their administrative fees to find out what will be least expensive. You can negotiate with each lender until you find the most economical deal.

2. Shop for third party services.Once you have chosen a lender, review the list of third party vendors in your lender's estimate. You cannot choose the appraiser, but you can find alternative title companies and settlement services. Shop around and get estimates.

3. Double check the closing disclosure form before closingEnsure that the administrative charges disclosure form did not change and that the lender's third party vendors did not charge more than their estimate.If you discover that settlement charges that were supposed to be fixed costs have risen the lender must reimburse you.

4. Close near the end of the month.At closing, you will be required to prepay interest that accumulates from the closing date to the end of the month. By closing at the end of the month, you will have to pay only a few days' worth of interest.

5. Limit your rate lock.Many lenders permit their borrowers to lock their interest rates at the lowest rate during the set period between loan acceptance and closing. They do, however, charge more for longer rate locks.