Sentences with phrase «charged by the lender»

The origination fee is charged by the lender for processing your loan when you buy a home.

Origination points are an extra fee charged by the lender for setting up the mortgage.

Prepayment penalties are fees charged by lenders for paying off the balance of the loan before its scheduled pay - off date.

First off, an interest rate is the amount charged by a lender for the use of the money you are borrowing.

They include origination fees charged by lenders, among other fees; plus, the cost of appraisals and home inspection services.

It includes origination points, commitment fees, document preparation fees (which aren't charged by all lenders), mortgage broker fee, processing and underwriting.

Points are part of those aforementioned closing costs charged by your lender, calculated as a percentage of the principal.

The bottom line is that these fees are all charged by the lender and may be negotiable.

Be sure to pay attention to any fees charged by the lender.

Interest: A loan expense charged by the lender and paid by the borrower for the use of borrowed money.

First off, an interest rate is the amount charged by a lender for the use of the money you are borrowing.

Origination Points (or Loan origination fee) charged by the lender for evaluating, preparing, and submitting a proposed mortgage loan.

Sometimes a low interest rate is charged by the lender, suggesting getting mortgage approval with poor credit scores is an excellent result.

Additional fees, and charges by The Lender may apply to you in the event that you do not repay your cash advance.

There are also penalty fees charged by lenders for several reasons such as pre-cancellation fees, late payments fees, miss payment fees, punitive interests, etc..

For a start, the interest rate charged by the lender is higher, while the loan limit is often quite low.

Additional fees, and charges by The Lender may apply to you in the event that you do not repay your loan.

A fee charged by a lender to cover certain expenses associated with the loan origination.

Origination fees are up - front fees charged by a lender for processing a new loan application.

Loan origination fees — Fees charged by the lender for processing a loan; often expressed as a percentage of the loan amount.

In the United States, the interest rate, or the amount charged by lender to a borrower, is based on the federal funds rate that is determined by the Federal Reserve (sometimes called «the Fed»).

Automobile Financing: If you are financing a car and have bad credit you will be paying thousands of dollars more due to excessive interest rates charged by the lender.

You apply for a new loan with a private lender that pays off the current loans, after which the private lender attaches a different interest rate on your consolidated student loan that reflects a balance between what the federal government charges and the interest charged by the lender.

Also known as interim interest, prepaid interest is charged by lenders as part of the upfront closing costs in a mortgage.

Interest Rate — An interest rate determines the amount charged by a lender to a borrower for the use of assets or the amount paid to a depositor on a savings accounts, like a CD.

While many factors can affect the amount of interest charged by lenders, these two factors tend to weigh the most.

A one - time charge by the lender for originating a loan.

Also, laws often regulate how interest can be calculated as well as what fees can be charged by the lender for late and missed payments.

Loan Origination Fee: The origination fee is charged by the lender.

Additional fees / charges by your lender may apply if you are not able to repay your loan in full or if you make a late payment.

In fact, people have actually been purchasing fewer homes recently due to the higher mortgage rates being charged by lenders.

The interest rate is the percentage of principal charged by the lender for the use of its money.

A one time only fee charged by the lender to lower the interest rate normally charged.

Additional fees or charges by your lender may request in the event that you are unable to repay your loan in full or if you make a late payment.

Origination Fee 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.

One drawback to using RocketLoans is the fees charged by the lender.

For standard 7 (a) loans, the maximum interest rates are based on the Prime Rate plus additional interest charged by the lender.

SuperMoney's loan comparison tool offers a transparent look at the rates and fees charged by lenders that accept borrowers with bad credit.

The bank's overnight rate, which generally influences the interest rate charged by lenders for variable rate mortgages and lines of credit, has remained at one per cent for more than four years.

This is the initial principal balance and includes cash the company gets plus any upfront fees charged by the lender.

A one - time charge by the lender to increase the yield of the loan; a point is 1 percent of the amount of the mortgage.

It is always a great idea to check with your local consumer rights office to find out what maximum amount you may be charged by a lender in fees and interest, as it varies state to state.

Depending on the interest rate charged by the lender, pursuing debt consolidation may result in your monthly payments becoming considerably more affordable.

The post-dated check would be written to the lender for the amount of the payday loan plus the fees charged by the lender.

Interest rate is the proportion of the amount charged by the lender on the outstanding balance of a loan.

For example, the charge for loan origination charged by the lender for the administrative cost of processing the loan may not exceed one «point» - that is, one percent of the amount of the mortgage (minus the mortgage insurance premium, if it is being financed).

In a conventional reverse equity mortgage, an adjustable rate is most common and is usually based on a standard bank rate plus an additional amount (variance) charged by the lender.

A standard student loan repayment plan is usually 10 years, and during that time, interest charged by your lender will begin to accrue and build on top of the principal you owe.

For borrowers who would like to pay off their closed mortgages early, the mortgage contract includes the clause where penalties may be charged by the lender.

The GFE's Adjusted Origination Charge section is split into two parts — the fees charged by your lender for the loan, and the number of discount points required to get the lender's offered mortgage rate.