The fee charged for setting up and administering your loan. It is paid to the lender. The origination fee is determined by multiplying the sum of the origination fee and the loan amount requested times the origination fee percent for your loan. The loan type, repayment option (available to undergraduate borrowers only), credit history and whether a cosigner is included, determine the origination fee. Origination Fees for Brazos HELP loans ranges from 5.00% to 10.5% and is added to and financed with the loan amount.
This fee is the mortgage lender's yield and are also known as points.
A fee charged by a lender to cover certain expenses associated with the loan origination. Usually stated as a percentage of the face value of the loan (points).[] Go to: | | | | | | | | | | | | | | | | | | | | | X | Y
An origination fee is charged by lenders for all of the work required in setting up the loan.
A fee charged by a lender for processing a loan application, expressed as a percentage of the mortgage amount. see also points, annual percentage rate.
A fee paid to the federal government to help subsidize Stafford Loans, about 4% of loan principal.
A processing fee charged by the lender of the loan (the federal government in the case of Direct Loans) that is deducted from the proceeds of the loan before the loan disburses; partially offsets the administrative cost of the Federal Loan Programs. Outside Scholarship – A scholarship awarded by an outside agency that selects the recipient and the agency does not specifically set aside funding for UNCW students.
Fee charged by a lender to cover the application and credit investigation costs related to a loan.
A fee charged by the federal government and deducted from loan proceeds prior to disbursement to partially offset administrative costs of the Federal Family Education Loan Program.
The fee charged by the government to offset interest payments. the amount of the fee is usually deducted from the dollar amount of the loan.
A fee equal to 1% of the total loan amount, that is usually charged by mortgage companies to ake the loan.
A fee usually, sometimes called a "point" or "points", to cover the lender's administration costs in processing the loan.
A fee paid to a lender for their work on a loan.
The fee charged by a lender for processing a loan application. The loan origination fee helps recover a portion of the significant costs of establishing a loan for the customer including documentation, vendor work and employee time.
a loan processing fee which is generally stated as a percentage of the mortgage amount or points.
1% of the loan amount. Can be avoided by paying a higher rate; typically is tax deductible.
The fee, charged by the lender, for services provided in connection with the origination and funding of the loan.
The fee that a lender charges you for processing a loan. It is usually expressed as a percentage of the loan amount. Unlike points, the origination fee doesn't impact the interest rate. It doesn't usually include fees for appraisals, credit reports, inspections or loan document preparation.
This represents the lender's fee that is typically charged at closing. The origination fee is typically 1% of the loan amount but can vary more or less.
Fee charged by a lender for processing a mortgage, usually expressed as a percentage of the loan (or points), which pays for the work in evaluating and processing the loan.
A fee charged by the federal government and deducted from the loan funds prior to disbursement. The fee is used to offset administrative costs.
This is a fee deducted from student loans to pay the administrative costs. The origination fee for Federal Subsidized Stafford, Unsubsidized Stafford and PLUS loans is 3% of the amount.
A fee charged to the buyer for work involved in the evaluation, preparation and submission of the mortgage loan. Typically it is 1% of the proposed loan amount.
The origination fee is charged by the lender, and is typically 1% of the loan amount you borrow. This fee is used to cover expenses during the process of the loan.
A fee charged by the lender to cover the administrative costs of making the mortgage. This fee is paid during closing (or "settlement") and varies with the lender and type of loan. Origination fees of 1 to 2 percent of the mortgage are common.
An origination fee is charged by a lender for the labor involved in making a real estate loan, and is usually 1.5% to 2% of the loan amount.
A fee charged and deducted from the proceeds of an loan before the loan is disbursed. In the federal loan programs, the origination fee is paid to the government to offset its costs.
This is a fee that is often charged by a lender to prepare loan documents, make credit checks, inspect, and sometimes appraise a property. The origination fee is usually computed as a percentage of the loan amount.
A fee, often a percentage of the total principal of the loan, charged by a lender to a borrower on initiation of their loan.
Is the fee a lender may charge to process a loan. It may include the cost to prepare the loan documents, run a credit check on the buyer and may also include property appraisal expenses.
The amount charged by a lender or broker to originate a mortgage loan. Origination fees are usually expressed in points.
A processing fee charged to a borrower by a lender to make a loan. This fee, like the guarantee or insurance fee, is usually subtracted from the amount of a loan.
A fee charged to start a new loan.
The fee lenders charge to borrowers to prepare documents, process and close the loan. Usually stated as a percentage of the loan.
One of the fees that a lender or mortgage broker may charge for processing a loan application.
A processing fee that will be automatically deducted by the federal processor from each gross disbursement of a Federal Direct Loan or a PLUS Loan.
A sum charged by the Federal Government on FFEL loans to offset the cost of processing the loan. The amount of the fee is deducted from the dollar amount of your loan by the lender and paid to the U.S. Department of Education.
A fee charged by the lender to cover the cost of processing and underwriting a mortgage loan.
Fee(s) charged by the lender for writing the new mortgage.
A lender fee charged to the borrower for handling and making a real estate loan.
A fee typically expressed as points, paid to a lender for work related to making the loan.
A charge for taking and processing a loan. This charge is also called a “bank fee.
The fee earned by a lender to process and close a loan; usually part of the closing costs.
A fee that the lender may charge the borrower for the service of creating the mortgage loan. This fee is usually stated as a percentage of the loan.
A fee charged by a lender to create a loan.
The fee charged for services performed by the lender handling the initial application and processing of the loan.
A fee charged by a lender for making a mortgage.
Similar to a point, this fee is a supple mental fee paid by buyers to lenders.
A fee charged by a lender to cover certain expenses associated with the loan origination. Usually used interchangeably with points or discount points. Usually stated as a percentage of the face value of the loan (points).
A charge for processing a Federal Stafford Loan to partially help offset administrative costs. It can be either a flat rate or a percentage of the amount borrowed.
what a lender charges to process a loan.
A fee charged by the federal government (or the originator, in the case of private loans) that is deducted from loan proceeds before disbursement. This fee partially offsets administrative costs.
A fee charged by the government that is automatically deducted to offset the cost of processing the loan.
A fee charged by a lender to make the loan. It covers various expenses such as preparing documents, underwriting the loan, reviewing credit reports, appraisal, etc. This cost is usually computed as a percentage of the full value of the loan. For example, a fee may be expressed as 1% of the loan amount.
An administrative cost charged by the lender that covers costs in processing the loan.
Fee paid to lender for processing a loan application; this fee is stated in the form of points (as a percentage of the mortgage amount).
The fee a lender receives for securing a loan.
Fee charged by a lender to cover various expenses relevant to the loan process such as preparation of loan documents, credit checks, etc. Often it is computed as a percentage of the loan amount.
A fee that can be changed by the lender for performing a real estate loan.
A fee charged by a lender to a borrower at the time a loan is originated to cover the costs of administering the loan, evaluating credit, checking legal records, verifying collateral and other administrative activities.
The fee a lender charges to process a loan. This fee is usually computed as a percentage of the face value of the loan and includes the cost to prepare loan documents, check a borrower's credit history, inspect the property, etc.
One of the fees charged by the lender for arranging the loan. Part of the closing costs.
Similar to a point, it is the fee paid to lenders for originating the loan.
This helps cover the costs the lender* has to pay for doing business with you. Lenders can charge up to a 3 percent origination fee*.
The fee charged by the government to offset the cost of processing the loan. The amount of the fee is deducted from the dollar amount of the loan.
A mortgage fee paid to the lender to cover processing fees. This is generally charged as a percentage of the loan amount.
Also called points, origination fees are charged by most lenders for processing loans. A point is 1 percent of the total loan amount.
A fee paid to a lender at closing, which covers the cost of procesing the loan application.
Charged by the lender, to cover processing costs of the mortgage loan. Usually is charged as a percent of the loan amount (lender fee).
This fee is a supplemental fee paid buy buyers to lenders, usually stated as a percentage or as points.
Similar to a point, it is a fee paid to lenders for originating the mortgage.
A fee that is charged by the lender to originate your loan. The fee is typically set up as a percentage of the loan amount (i.e. a 1 point origination fee is equal to 1% of the loan amount).
A processing fee calculated as a percentage of principal. It may be deducted from the loan at time of disbursement or added to the principal.
the finance fee a lender charges to make a mortgage, usually computed as a percentage of the loan amount, used to cover the fees to prepare the loan documents, the credit report, and the appraisal.
A fee charged by the federal government or FFEL loans. The origination fee is deducted from the proceeds of your loan by the lender and paid to the federal Department of Education.
Also known as points. A fee for work involved in the evaluation and preparation of a mortgage loan. One point equals 1% of the loan amount.
The fee charged to consumers for borrowing federal loans.
One of the fees the broker charges for originating a loan; usually calculated in the form of a percentage and paid at closing.
A three- percent fee charged by the federal government to offset the costs of interest, special allowance and reinsurance on a FFELP loan. This fee is deducted from the loan proceeds before disbursement.
A fee charged by a lender to cover the cost of processing a credit application and investigating a borrower's credit history, as well as legal and other expenses.
A fee imposed by a lender to the borrower in connection with making a mortgage loan. Typically express as points or a percentage of the loan amount.
A fee charged to the borrower for the origination process. Each loan product may differ. HECM = the greater of $2000 or 2% of the Maximum Claim Amount. Home Keeper = the greater of $2000 or 2% of the Adjusted Property Value. The Jumbo loans, or Cash Accounts, have origination fees of zero to $3500, depending on the program.
Fee imposed by the lender to cover certain costs involved with processing the loan. Typical origination fee is one point (one percent of the loan). PITI: rincipal, nterest, axes and nsurance.
The fee charged by the lender and deducted from loan funds prior to disbursement.
Lenders charge this fee to borrowers. Typically, the amount of the fee is a percentage of a borrower's disbursements.
Fee deducted from the principal that is paid to the federal government to cover administrative costs of the guaranteed student loan program.
A fee charged to the borrower by the lender for processing the loan application and originating the loan.
The fee charged by a lender to prepare all the documents associated with a mortgage.
A fee charged to the borrower that offsets the federal government's cost of administering the student loan program. This fee is a percentage of the principal amount of the loan and is deducted by the lender from the loan proceeds.
Generally 1 percent of your total loan amount. The buyer pays this fee to initiate processing of the mortgage. Unlike points, the origination fee will not lower the interest rate.
money that is deducted from each loan disbursement and sent to the federal government to help pay the cost of subsidizing the loan.
Amount charged by a lender to cover the time and expense of arranging a loan.
A fee charged by most lenders for processing a loan. A point is 1 percent of the total loan amount and can often be negotiated down... so don't accept things just because...
A fee paid to the bank to cover the cost of administering the loan. The fee is charged as the loan is disbursed.
A fee charged for the work involved in the evaluation preparation and submission of a proposed mortgage loan.
an application fee(s) for processing a proposed mortgage loan.
A fee or charge for work involved in the evaluation, preparation and submission of a proposed mortgage loan.
A lender may charge an origination fee that is additional to any mortgage points you pay. Origination fees are the lender's charge for funding your mortgage with a mortgage broker. The process of funding your loan is called origination.
Fee charged by the lender to process the loan application and underwrite the loan. It is usually 1 percent to 3 percent of the loan amount.
Fee for processing a loan application; generally stated as a percentage of the mortgage amount or points.
This fee is charged by the lender to offset the costs of evaluating, preparing and submitting a proposed mortgage loan. It's normally one percent of the loan amount. PITI - Principal, Interest, Taxes, and Insurance.
A charge by a lender for the costs of originating a mortgage. Usually equal to one point, or 1% of the mortgage amount.
A fee paid to a lender for processing a loan application. The origination fee is stated in the form of points, and is paid at the time of closing. Additional points can also be purchased as a means of reducing the interest rate (see the definition for "points").
A fee charged by the federal government to help reduce the government’s cost of subsidizing low-interest student loans. The 3% on Federal Stafford and PLUS loans is sometimes paid by lenders on behalf of the borrower.
Similar to a point; a supplemental fee paid to lenders.
On a conventional loan, the loan origination fee refers to the points a borrower pays. One point equals one percent of the loan amount. (See Points.)
The origination fee is the fee charged for the administration of your private loan and is paid to the loan holder. This fee is financed with and added to your loan amount so that you do not have to pay cash. The origination fee is calculated as a percentage of the loan request amount and ranges from 0-8% depending on the loan type, credit history and whether or a co-signer is included as an obligor on the loan.
A fee paid to the lender for processing the loan application, stated as a percentage of the mortgage amount
Fee paid at the time of loan origination.
The amount charged for services performed by the company handling the initial application and processing of the loan.
The fee mortgage lenders charge to borrowers for preparing loan documents, making credit checks, etc.; usually computed as a percentage of the face value of the loan. This fee is usually paid by the buyer unless other arrangements are made.
A fee deducted from the loan proceeds before disbursement to offset administrative costs of the Federal Family Loan Program.
A fee usually expressed as a percentage of the loan amount that is paid by the borrower to the lender for processing the mortgage.
A fee imposed by a lender to cover certain processing expenses in connection with making a real estate loan. It is usually a percentage of the loan amount.
A fee or charge for establishing a loan. See Points.
A fee charged by the lender to the borrower for processing a loan. The fee includes the costs for preparting loan documents, checking the borrower's credit history, inspecting the property, and conducting an appraisal if applicable. CanEquity tries to use lenders who do not charge this fee, but we will cover the cost in full if using such a lender necessary.
A fee paid to a lender or broker for a real estate loan. Normally stated as a percentage or as points. (1 point = 1% of the loan amount)
A fee paid to the mortgagee for paying the mortgage before it becomes due. Also known as prepayment fee or reinvestment fee.
Charge to borrower to cover costs of issuing loan, including credit and title checks, property appraisals, etc.
A fee paid by the borrower to the lender to cover administrative fees for his or her loan.
A fee charged by the mortgage broker or banker when the loan is originated. May also be called points or fees.
Once a loan has been approved, some lenders may charge a fee for processing the loan application and setting up the actual loan for disbursement to the borrower.
a fee charged by the lender for making a loan, represented as a percentage of the total loan. One point equals one percent of the loan amount.
A fee paid to a lender for processing a loan application. The origination fee is stated in the form of points. One point is 1 percent of the mortgage amount.
The charge for services performed by the company handling the initial loan application and processing. Moreover, origination fees are charged by loan brokers who seek out and arrange financing for clients. See also the Finance Fee entry. For more information about loan closing costs, see the "About the Good Faith Estimate" article in the "Applying for a Loan" section.
A fee charged by a Lender to cover the cost of the process of making a mortgage loan.
() A fee imposed by a lender to cover certain processing expenses in connection with making a real estate loan. Usually a percentage of the amount loaned, such as one percent.
Fee charged by lender to prepare loan documents, credit checks, etc.; usually computed as a percentage of face value of the loan. APPLY NOW
The fee charged by a mortgage lender to cover mortgage loan processing, credit checks and preparation of loan documents.
Broker's compensation, charged to the closing costs for arranging the loan for the borrower.
A fee which is applied to Federal Family Education Loans which may be combined with an insurance premium. This fee is a percentage of the loan amount and is deducted from the amount approved before the lender disburses the check.
The fee imposed by a lender to cover processing expenses in connection with lending money. Usually a percentage of the original loan balance.
A fee made by a lender for making a real estate loan. Usually a percentage of the amount loaned.
Fee charged by a lender to cover administrative costs of processing a loan. Back
A fee charged for the work involved in preparing and processing a proposed mortgage loan. This is stated as a percentage of the mortgage amount, or points, and is usually paid at closing.
A fee charged by the federal government deducted from the principal that serves as an insurance against loan default.
A charge for the work involved in preparing and servicing a mortgage application (usually one percent of the loan amount).
A fee that is paid to a lender to cover administrative costs of processing a loan application.
A fee charged to the borrower by a lending institution.
A fee or charge paid for establishinga loan.
The origination fee is a fee charged by the lender to initiate a proposal for a mortgage.
The fee charged by a lender to prepare loan documents, make credit checks, inspect and sometimes appraise a property; usually computed as a percentage of the face value of the loan.
loan fee charged by the lender to prepare the documents associated with your mortgage.
The amount charged by a lender to originate and close a mortgage loan. Origination fees are usually expressed in points. Go to Top
A fee charged by a lending institution for processing the paperwork on a loan. This is in addition to any points which the lender may charge. See also processing fee.
A fee charged by a lender to prepare loan documents, make credit checks, inspect and/or appraise a piece of real estate. Generally, the fee constitutes a percentage of the face value of the loan.
A fee charged to offset the cost of interest, special allowance, and reinsurance payments by the federal government on a FFELP loan. This fee, if charged to the borrower, may be subtracted from the borrower's loan proceeds.
A 1-time setup fee charged by the lender. One of the lender's charges to a borrower for handling a loan transaction.
A fee the buyer pays the lender to originate a new loan.
Fee charged by a lender for processing a mortgage application that pays for the work in evaluating and processing the loan application.
A one-time fee sometimes charged by a lender to cover the overhead costs of issuing a loan commitment. This fee is usually part of the normal closing costs incurred for most types of mortgage loans, but may be waived by the lender depending on the type of loan and the interest rate charged.
It's our fee to oversee the transaction in its entirety.
Application fee(s) for processing a proposed mortgage. Select Another Letter
The fee(s) charged by a lender to cover certain processing expenses involved in theevaluation, preparation and submission of a mortgage loan. . Usually a percentage of the amount loaned.
Enter the amount you charge to the borrower for applying for a new loan (usually 1%, or one point, of the total loan amount).
An Origination Fee is a fee charged by a lender for processing a loan. Origination fees are typically 1% of the amount of the loan that is being applied for.
A service charge made by a lending institution for making a mortgage loan.
The amount charged for services performed by the lender.
With a conventional loan, this refers to the total amount, usually calculated as "points," that a borrower pays the lender as a fee for the loan. (One point = one percent of the principal amount to be borrowed.) With a government loan, the loan origination fee is one percent of the loan amount. However, additional points may be charged, called "discount points."
A fee charged by a lender to offset the administrative costs of processing a loan and deducted from the principal at disbursement or added to the principal for repayment.
Fee paid to the bank to compensate them for the cost of administering the loan. The origination fees are charged as the loan is disbursed, and typically run to 3% of the amount disbursed. A portion of this fee is paid to federal government to offset the administrative costs of the loan.
See also "commitment fee". Application fee(s) for processing a proposed mortgage loan.
The fee that the lender charges the borrower to cover the cost of issuing a loan commitment. It pays for processing the loan which includes collecting information about the borrower's credit worthiness and the property. The fee is usually computed as a percentage of the mortgage loan. It usually does not include fees for appraisals, credit reports, inspections and loan document preparation.
The fee, included in the closing costs, that the lender charges for establishing the loan.
The loan origination fee refers to the total number of points a borrower pays when dealing with conventional loans. On a government loan the loan origination fee is one percent of the loan amount, but additional points may be charged which are called "discount points." One point equals one percent of the loan amount.
The fee a lender charges to process a home loan. It may include the costs to check the applicant's credit report, prepare documents, inspect the property, and conduct an appraisal.
This fee is usually known as a loan origination fee but sometimes is called a “point” or “points”. It covers the lender's administrative costs in processing the loan. Often expressed as a percentage of the loan, the fee will vary among lenders. Generally, the buyer pays the fee, unless otherwise negotiated.
A fee charged to the borrower by the lender when making a new loan.
A fee charged by most mortgage lenders to cover costs of arranging the loan. P-R
A charge deducted from the loan to help cover the costs of making the loan.
The fee charged by the mortgage broker or mortgage banker to originate your loan, to prepare loan documents, credit checks, etc.; usually computed as a percentage of face value of the loan. This may also be called the loan fee or points, and is considered a prepaid finance charge.
A percentage of the gross disbursement amount charged by the U.S. Department of Education to offset the government’s cost of administering the FFELP.
Lender's fee for processing and underwriting loan documents. Usually 1 point or 1%.
A fee charged by the lender for allowing you to borrow money to purchase property. The fee, which is also referred to as points, is usually expressed as a percentage of the total loan amount.
A fee that lenders charge borrowers for making a mortgage loan.
The origination fee is an upfront charge deducted from the loan to pay part of the loan's administrative costs.
a fee paid to a lender for services provided when granting a loan, usually a percentage of the face amount of the loan.
A fee charged by the lender to prepare loan documents, inspect and appraise the house, and arrange a credit check. The fee is computed as a percentage of the loan's face value.
A fee or charge for work involved in preparing, evaluating, and submitting a proposed mortgage loan. The fee is limited to 1 percent of FHA and VA loans. It may be larger with conventional and internet financing. back to the top
A fee paid to a lender for processing a loan Application. Usually a percentage of the amount loaned.
Also referred to as Loan Origination Fee. A fee charged by a lender that covers the cost of originating a mortgage loan. The fee is usually computed as a percentage of the total loan amount.
Fee charged by a lender for administrative costs of processing a loan. It tends to includes the cost of preparing loan documents, checking the borrower's credit history, inspecting the property and might incorporate the cost of appraisal.
The fee charged by a lender to prepare loan documents, process, underwrite, make credit checks, inspect and sometimes appraise a property (lenders profit is also included).
The amount charged by a lender to originate and close a mortgage loan. Origination fees are usually expressed in points. payment cap : See: cap.
An upfront fee charged by some lenders, expressed as a percent of the loan amount. Should be added to points in determining the total fees charged by the lender that are expressed as a percent of the loan amount.
The fee that the lender charges the borrower to cover the cost of issuing a loan. It pays for processing your loan which includes collecting information about your credit worthiness and the property you are buying. This information is analyzed to determine whether you will be able to pay the loan back as agreed, and, whether the provides sufficient collateral in case you fail to repay the loan. It usually does not incluse fees for appraisals, credit reports, inspections and loan document preparation.
Fee charged by the lender to prepare all the documents associated with the loan, make credit checks, inspect, and sometimes appraise a property, usually computed as a percentage of face value of the loan.
A fee charged to the borrower to cover the lender's costs for creating the loan.
is an amount expressed either as a percentage of the loan or set dollar amount charged by a lender or broker for initiating, obtaining funding, and coordination of the mortgage process.
A fee paid by the borrower of Stafford * and PLUS loans. The fee is paid to the federal government and helps offset the cost of the interest subsidy on Subsidized Stafford loans. The fee is deducted from the principal of the loan before disbursement to the borrower. PLUS loan borrowers are charged a 3% origination fee. *Some lenders pay the origination fee so Stafford borrowers receive the full amount of the loan. Please review the list of our Partnering Lenders for a complete listing of lenders offering this option. Back to glossary main page
The fee charged by a lender to cover administrative costs incurred during the processing of the loan, often expressed as a percentage of the loan amount.
A fee charged by a lender for processing a loan application; usually computed as a percentage of the loan.
Fee charged by a lender or other agent for processing a loan application.
Borrowers sometimes pay an origination fee to a lender or broker for making or securing their real estate loan. This fee is typically stated as a percentage of the loan amount or as points (one point = one percent).
A fee paid to the mortgage lender in consideration for the work and expenses related to obtaining a mortgage. The fees are usually computed as a percentage of face value of the loan.
Percentage (usually 1%) of the buyer's loan paid by the buyer in cash at closing.
a fee charged to the borrower to reduce the interest rate; this fee is usually stated as a percentage; see "Discount Points" || Bottom of Page
covers a lender's operating expense for making the mortgage.
A fee charged by most lenders--also called points--for processing a loan. A point is 1 percent of the total loan amount.
A fee paid to originator of the loan. The origination fee is stated in the form of points. One point is 1 percent of the mortgage amount.
The fee (usually a percentage of the loan) a lender charges to prepare loan documents, make credit checks, inspect and sometimes appraise a property, etc.
The amount that a lender charges to initiate and process a mortgage loan.
A fee charged by a lender to cover costs associated with a new mortgage.
A fee of 3% deducted from the student loan by the lender for the Federal Government.
a percentage of the loan amount charged by the lender to cover the cost of processing the loan. Generally 1% of loan amount. Be sure to ask if this fee is included in home loan amount or is part of your up-front expenses.
This is the fee charged by a lender in order to cover the costs associated with taking the application on the loan, processing the loan and closing the loan. In most cases, the origination fee is a percentage of the amount of the loan.
(part of "points") The fee charged by the lender to originate and process a mortgage loan request. Typically one percent of the loan amount.
Fee paid to the mortgage broker for his services in obtaining the loan.
A fee charged by the lender for administrative costs in processing the real estate loan. Often expressed as a percentage of the mortgage amount. Not to be confused with an application fee.
A fee charged by the lender to cover the administrative costs of setting up a mortgage. This will include the preparation of documents and certain processing expenses in connection with completing a mortgage account.
A fee charged to the borrower to obtain a mortgage loan.
A fee paid to a lender for processing a loan application; it is stated as a percentage of the mortgage amount.
The dollar amount charged by the lender to cover the time and expenses incurred to arrange a loan. The fee covers the lender's overhead for the processing of the loan throughout the loan term.
is a fee that the lender charges the borrower. It is one of the incomes for the lender to cover the cost of issuing a loan. This fee could be from a half percent to over 3%. There may also be other fees that the lender charges.
the fee charged by a lender for the preparation of the loan documents; the fee is a percentage of the property value and is paid at closing
the lender's fees to process a loan.
A fee charged to the borrower and paid to either the federal government (for federal loans) or to the originator of the loan (for private loans). The fee covers the cost of administering and insuring the loan.
Fee charged to offset the cost of the program; it is deducted from the loan check.
A fee or charge for work involved in evaluating, preparing, and submitting a proposed mortgage loan. The fee is limited to one percent for FHA and VA loans.
The fee that the lender charges to originate the loan, this fee is commonly 1 point.
A fee paid to the lender for processing a loan application. The origination fee is stated in the form of points. One point equals one percent of the mortgage amount.
The fee charged by a mortgage lender for creating a mortgage loan. This fee covers some of the lender's operating costs and profit. Typically 1% of the loan amount. For our comparison purposes, the origination fee is considered to be a lender fee.
An origination fee is charged by a lender to cover certain processing expenses in connection with making a real estate loan. It's usually a percentage of the amount loaned.
Payment to a lender for processing a loan application.
The fee paid to prepare loan documents, perform credit checks, and sometimes appraise a property. This is usually a percentage of the loan.
The total number of points a borrower pays on a new loan. One point is equal to one percent of the principle. On government loans, the origination fee is one percent of the principle plus any points.
A fee paid to the federal government to help run the Federal Stafford loan programs.
The lender's fee charged to a borrower to prepare documents, make credit checks, inspect and sometimes appraise a property. Usually stated as a percentage of the face value of the loan.
A fee deducted proportionately (up to 4%) from each disbursement of a student loan. This fee is used to cover administrative costs of the Stafford Loan Program.
A fee for originating a loan.
A fee charged to the borrower (usually 3 percent) by the federal government that is deducted from the principal of a loan prior to disbursement.
A fee charged by the lender when a loan is closed. It is stated as a percentage of the principal amount of the loan. For example, one percent charged on a $100,000 loan amount would equal $1,000.
Fee charged by a lender to process a loan. When charged, it is deducted from the principal.
A fee or charge for establishing a new loan.
A fee paid to a lender or broker for arranging a loan. The origination fee is usually stated in the form of points. One point is equal to one percent of the total loan amount. Also called a loan origination fee.
Amount charged for borrowing money. This fee is a percentage of the amount borrowed.
Fee paid to the federal government and deducted from loan proceeds to partially offset the costs of the Federal Family Education Loan (FFELP) Program. Back to the top of the page
A fee charged by a mortgage company for processing the paperwork on a loan. This origination fee is above and beyond the "points" which may be charged.
a fee charged by a lender to prepare loan documents, obtain and evaluate credit history, inspect the property, appraise the property, etc. The fee is usually computed as a percentage of the amount of the loan
Application fee(s) for processing a proposed mortgage loan. Close
A service fee charged by a lender and broker that the borrower pays on the closing date. All lenders and mortgage brokers charge an origination fee, which can be as high as 2.5% of the loan amount. Online mortgage brokers generally charge much less. Sometimes lenders will refer to this fee in terms of origination points, where 1 point equals 1% of the loan amount. Unlike discount points, you can't deduct the origination fee from your income taxes since it's just a service charge, not interest.
The fee charged by a lender to procure a mortgage loan; usually computed as a percentage of face value of the loan.
A lender's charge for establishing and processing a new mortgage loan. It is generally computed as a percentage of the loan and may be tax deductible
A fee charged by a lender for providing a mortgage loan.
A fee charged by the federal government and deducted from the proceeds of a loan before disbursement; partially offsets the administrative costs of the federal loan programs.
The fee imposed by a lender to cover certain processing expenses in connection with making a loan. Usually a percentage of the amount loaned. Often called a point. One point = 1% of loan amount.
Also called a Loan Fee, this is a fee assessed by the lender for processing the loan. Most lender charges are based upon the amount of the loan, and one point equals one percent of the loan amount. These fees are normally paid by the seller or shared by both parties. Also, the lender may allow these charges to be deducted from the mortgage amount.
A fee charged by the government on Federal Family Education Loans. The 3% origination fee is deducted from the proceeds of the loan by the lender and paid to the Department of Education.
A fee charged by the lending institution.
Fee, payable by the borrower and deducted from the principal of a loan prior to disbursement to the borrower. For federally backed loans, the origination fee is paid to the government to offset the cost of the interest subsidy to borrowers. For private loan programs, the origination fee is generally paid to the originator to cover the cost of administering and insuring the program.
Fee charged by most lenders, which covers the direct costs of arranging the loan, and also referred to as points, which is one per cent of the total loan amount.
A fee charged by the lender based on many factors such as borrower qualification and loan type. The fee is computed as a percentage of the loan's face value.
A fee charged by a lender to prepare loan documents, make credit checks, inspect and sometimes appraise a property and other work involved in the evaluation, preparation and submission of a proposed mortgage loan.
Is the fee the lender charges for processing and underwriting the loan.
A processing fee charged to a borrower by a lender to make the loan. This fee, like the guarantee fee, is usually subtracted from the amount of the loan proceeds.
A fee charged by most lenders to cover the direct costs of arranging the loan; also called points. A point is 1 percent of the total loan amount.
the charge for originating a loan; is usually calculated in the form of points and paid at closing.
Fee charged in for the service of originating a mortgage loan.
A processing fee that is calculated on the principal amount borrowed and is charged to the student by the lender. This fee is normally deducted from the amount of the loan proceeds.
The fee charged by a mortgage broker for generating a loan.
A fee charged by the lender for administration of some student loans. This fee is deducted from the loan prior to disbursement. Origination fees are charged as the loan is disbursed.
The fee a lender charges to process a loan. It usually includes the cost to prepare loan documents, check a borrower's credit history, inspect the property and sometimes conduct an appraisal.
The fee, usually a percentage of the loan amount, charged by the lender to for originating a loan. This fee covers the lender's cost for such things as preparing loan documents, running credit checks, property appraisals, etc.
(known in Britain as Application Fee) A fee charged by the lender to cover the administrative costs of setting up a mortgage.
The fee charged by the lender for making a real estate loan. The amount is typically a percentage of the amount loaned, such as one percent. This is different from the application fee.
A fee charged by the lender for making a real estate loan - usually a percentage of the amount loaned, such as one percent. Not to be confused with an application fee.
A fee charged by lenders, in addition to interest, for services in connection with granting of a loan. Usually a percentage of the loan amount.
On a government loan the loan origination fee is one percent of the loan amount, but additional points may be charged which are called "discount points." One point equals one percent of the loan amount. On a conventional loan, the loan origination fee refers to the total number of points a borrower pays.
The finance fee charged by a lender for placing a mortgage, which covers initial costs such as preparation of documents and credit, inspection and appraisal fees.
An origination fee is charged by the federal government on FFEL loans to cover the cost of processing the loan.
An origination fee is a fee for establishing a new loan. This fee is paid to the bank or your loan broker for his or her services in originating the loan.