"Lender credit" refers to a situation where the lender provides money to the borrower instead of the borrower paying fees or points upfront. This financial assistance can help reduce the cost of obtaining a loan, such as a mortgage or personal loan.
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«lender»
«credit»
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Sentences with «lender credit»
- In addition, Guaranteed Rate's addition of lender credits greatly reduced the loan fees on several of the estimates we received. (valuepenguin.com)
- In particular, it gives borrowers many different options for buying mortgage points or taking lender credits in order to balance interest rates and closing costs. (valuepenguin.com)
- In third column, the borrower chooses to receive lender credits to reduce closing costs. (homebuyinginstitute.com)
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