Fee paid up front (usually by an individual builder or developer) to the lender for the purpose of holding mortgage funds through a specific date.
A lender's charge for contracting to hold credit available. When money is actually borrowed, interest charges replace the commitment fee. When the credit available is used as revolving credit, a combination of commitment fees and interest is usually charged.
A fee paid to a bank for making a binding commitment to lend funds that have not yet been advanced.
A fee paid for a loan commitment. (See Commitment).
A charge by a lender for holding credit available for a borrower.
The fee charged by the lender to guarantee that the commitment, with its terms intact, is available for a certain period of time.
A fee charged for underwriting the loan.
a fee paid to a financial institution in return for its commitment to lend funds that have not yet been advanced.
an amount of money that a borrower pays a lender at the time the lender proposes on the requested loan, as an indication that the borrower is serious about borrowing the money
The fees charged by a lender or broker to prepare the loan documents, make credit checks, arrange for an appraisal and sometimes inspect property.
The fee associated with the establishment of a loan commitment. The fee is usually expressed as a percentage of the loan commitment.
A fee charged by a lessor covering the period from commitment to lease commencement. This fee may hold the lease rate until scheduled delivery of the equipment, as well as provide for the lessor to make available its funds at a later date.
A fee from a lending institution as consideration for its undertaking to make a loan to a prospective borrower, charged when the borrower meets the preconditions specified in the commitment. Depending on the terms of the deal, a commitment fee may be non-refundable or it may be credited upon closing the loan.
Fee paid by a potential borrower to a lender for the guarantee by the lender to lend money at a specified rate within a specified time period.
A fee paid to the Issuer by a lender to secure the right to originate a specific portion of the available program funds. Typically these funds are used by the Issuer to pay all or a portion of the costs of issuance of the issue.
A fee paid to the lender for processing, underwriting and originating the mortgage. When this fee is a percentage of the amount of the mortgage it is also called points. One point is one percent of the amount of the mortgage. (Also known as points or origination fee)
The fee charged for the commitment period by the forfaiter and paid by the exporter (or seller in the secondary market) subject to the terms and conditions of the forfaiting contract.
A fee paid by a borrower to a lender who promises to lend money on certain terms for a specified time period.
Fee charged against undisbursed amount of a loan. Applies only during period of disbursement.
A fee charged when an agreement is reached between a lender and a borrower for a loan at a specific rate and points and the lender guarantees to lock in that rate.
a percentage fee either on the total amount of the commitment or on the unused portion for a line of credit
A fee charged by some lenders to borrowers to attain a mortgage.
A fee imposed by a lender to cover certain expenses in connection with making a real estate loan. Usually a percentage of the loan amount.
Much like other commitments, which if one screws up one gets the short end of the straw. It is an interest, which is charged if you do not draw the sanctioned loan amount within a period of 6-7 months. The interest rate is usually about 1-2%.
any fee paid by a potential borrower to a lender for the lender's promise to lend money at a specified rate and within a given time period.
A charge required by the lender to lock in specific terms on a loan at the time of commitment.
A payment made to a lender in return for the lender’s commitment to make a loan available, up to a certain amount and for a prescribed period of time.
Charge imposed for granting an agreement either to lend or to purchase at a future date.
This fee is charged by a lender for keeping an agreed amount of funds available to the borrower for a specified period of time.
The fee a lender charges for promising to make a loan.
A charge levied by a lending institution to reserve a credit line to be used by the borrower on a date in the future.
A fee required by the lessor at the time a proposal or commitment is accepted by the lessee to lock in a specific lease rate factor and/or other lease terms.
This is often called an origination fee and is generally computed at 1% of the mortgage amount.
A per annum fee applied to undisbursed balances that lenders are committed to lend, the fee is charged until the end of the availability period.
A fee charged by the lender to guarantee a specific set of loan terms to be honored at some future date.
The fee charged by the lender to commit itself to a mortgage or loan on specific terms.
The fee payable on the unutilized amount of a committed facility. Commitment fees are usually calculated daily and paid quarterly.
A fee charged when an agreement is reached between a lender and a borrower for a loan on specific terms and conditions. Rate and points may be locked-in or may be "floating".
amount a lender may charge for issuing a commitment to lend.
An up-front fee paid by a potential borrower to a lender for the lender's promise to lend money at a specified rate and within a give time. back
A sum of money paid by the seller of mortgages to the investor in return for the investor's commitment to purchase a package of loans at some future date. This can be a non-refundable fee or it can be in the form of a refundable fee to be repaid to the seller upon fulfillment of the commitment. Also defined as any fee paid by a borrower to a lender for the lender's promise to lend money at a specified date in the future.