loan fee
Cost of borrowing
A loan fee is a charge imposed by a lender for processing or originating a loan, separate from the interest rate.
These fees cover administrative costs, credit checks, or underwriting: The loan fee added $500 to our closing costs.
Also called an origination fee or processing fee.
- interestAttention, stake, or fee
- interest rateCost of borrowing money
- originationAct of bringing forth
- closingFinal stage of something
- closing costsFees finalizing property purchase
points · borrower · lender · mortgage · down payment · application · processing · underwriting · credit score · charge · premium · APR · principal · debt · credit · bank · refinance · escrow