Sentences with phrase «percentage of the loan amount»

This fee can be a set price or can be stated as percentage of your loan amount.

The fee is a small percentage of the loan amount, generally between 1 % and 2 %.

Each personal loan comes with a fixed origination fee, so if you get a smaller loan, the origination fee works out to be a larger percentage of the loan amount.

It may be several months of interest (six is common) or a certain percentage of the loan amount (often this starts out at three percent the first year, two percent the second year, and so on).

Although some simple commission plans based on a pre-determined fixed percentage of the loan amount might not trigger the same level of scrutiny, the CFPB examiners will closely review all elements of a company's compensation structure as part of routine examinations or other investigations.

Compare mortgage quotes for both types of mortgages and pay close attention to the annual percentage rates (APR); this is the cost of finance charges for each loan expressed as an annual percentage of the loan amount.

It may be several months of interest (six is common) or a certain percentage of the loan amount (often this starts out at three percent the first year, two percent the second year, and so on).

According to the complaint, the company's compensation plan provided for (a) an upfront commission based on a set percentage of the loan amount, and (b) a quarterly bonus paid from loan originators» individual expense accounts.

According to the complaint, the company's compensation plan provided for (a) an upfront commission based either on a fixed percentage of the loan amount or a flat dollar amount per loan closed, and (b) compensation based on the loan profits, including periodic bonuses, pricing concessions, and supplemental commissions.

PMI fees are generally expressed as a percentage of the loan amount.

You'll also have to pay the equivalent of an origination fee, which is a percentage of your loan amount usually around 4 % or 5 %.

A discount point is a percentage of your loan amount paid upfront in cash that reduces your rate.

The funding fee is a percentage of the loan amount, usually between between 1.25 % and 3.3 %, that is paid at closing or rolled into the total loan amount.

The funding fee amount is reflected as a percentage of the loan amount.

Origination fees may be charged as a flat fee (e.g., $ 350) or a percentage of the loan amount.

The rate is usually expressed as a percentage of the loan amount.

The Small Business Administration (SBA)-- which guarantees a percentage of the loan amount to banks rather funding directly — is particularly helpful for expansion loan options.

If you pay your loan off early due to refinancing or moving, you may be subject to a prepayment penalty — typically some percentage of the loan amount or six months of interest.

However, there are still some lenders that charge the fee as a percentage of the loan amount.

Mortgage brokers make money by charging a percentage of the loan amount, generally around one - half percent to 2 percent.

Besides the interest, you may need to pay a loan fee which is a percentage of your loan amount.

Interest A percentage of the loan amount that is charged periodically to the student until full payment is received.

The funding fee amount is reflected as a percentage of the loan amount.

This amount is calculated as a percentage of the loan amount, then added to your loan amount.

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

An interest rate is the cost of borrowing money, expressed as a percentage of the loan amount.

PMI fees are generally expressed as a percentage of the loan amount.

Lenders may charge an origination fee as a percentage of the loan amount, such as 1 percent, or a flat fee.

The loan fee is a percentage of the loan amount (currently 4.264 %) and is proportionately deducted from each loan disbursement.

An interest rate is a percentage of the loan amount and is the «price» paid by the borrower for the loan.

The origination fee is a percentage of the loan amount and is proportionately deducted from each loan disbursement.

A discount point is a percentage of your loan amount paid upfront in cash that reduces your rate.

The fee is a percentage of the loan amount and is proportionately deducted from each loan disbursement.

The loan origination fee is a percentage of the loan amount and is deducted from each disbursement made to the school.

Origination fees may be charged as a flat fee (e.g., $ 350) or a percentage of the loan amount.

And while many lenders base their origination fee on a percentage of your loan amount, J.G. Wentworth charges a flat $ 795 regardless of how much you borrow.

As compensation, the company gets paid a percentage of the loan amount left or unpaid.

The fee is usually computed as a percentage of the loan amount, and is normally 1 % of the loan amount.

It is either expressed as a dollar amount or as a percentage of the loan amount.

The Small Business Administration (SBA)-- which guarantees a percentage of the loan amount to banks rather funding directly — is particularly helpful for expansion loan options.

You'll also see your final Annual Percentage Rate (APR), which is different from the loan's interest rate and reflects the total costs of borrowing, and the Total Interest Percentage (TIP), a figure that shows how much interest you'll pay over the life of the loan as a percentage of the loan amount.

The interest rate is the percentage of the loan amount that is charged for borrowing money.

Simple Interest calculates the total amount of interest you pay as a percentage of your loan amount.

The interest rate on your loan is a percentage of the loan amount that you pay the lender as the cost for borrowing money.

The total yearly cost of a mortgage stated as a percentage of the loan amount: includes the base interest rate, primary mortgage insurance, and loan origination fee (points)

It is stated as a percentage of the loan amount, or «points.»

With brokers, you should ask how they are compensated (it's usually a percentage of the loan amount, anywhere from 1 % to 2.5 %) and whether they are paid by the borrower or the lender.

Simply put, you have the option to pay a percentage of the loan amount, also known as a mortgage point, to lower your interest rate by a certain amount.