application fee

application fee

A fee charged by a lender,ostensibly for the time and trouble involved in processing a loan request, analyzing available data, and calculating what terms and conditions to offer. In reality,this view is a holdover from the days when consumers went to lenders,hat in hand,to plead for money.In today's very competitive lending market,where virtually every television show includes at least one mortgage lender as an advertiser, it is ludicrous to think that a consumer would pay someone for the opportunity to review a loan request.This fee will usually be waived upon request; it is simply another source of profit for the lender.

Application Fee

A fee that some lenders charge to accept an applica tion.

It may or may not cover other costs such as a property appraisal or credit report, and it may or may not be refundable if the lender declines the loan.

References in periodicals archive ?
30 -- will have their $40 application fee waived, for a total membership cost of $299.
TRA Director of Technical and Operations, Mohamed Al-Noaimi said "The review is intended to adopt an equitable pricing mechanism for Telecommunications License Application Fee, Gross Annual Turnover-based Fee, Annual Frequency License Fees, Numbering Fees, Type Approval Fees, and introduce new structures for Domain Name Fees, Application Fee for Interference Investigation and Fees for Radio-communication Station (Mast and Towers) Stations.
Hutchinson's SB151 originally increased the application fee to $25,000 from $2,000, with $21,000 of that refunded to successful applicants and $23,000 to those unsuccessful in obtaining a permit.
79 per cent at up to 70 per cent LTV, Each of these new remortgage products comes with a Au999 application fee.
The Government introduced a PS20 application fee at the end of June to try to encourage separated parents to come to private arrangements.
Parents who need help can use the Child Maintenance Service on 0800 0835 130 and pay the PS20 application fee.
In addition, the application fee for the Uniform CPA Exam, the license application fee and the fee for registration as a partnership or corporation have also been reduced through June 30, 2016.
99% Arrangement fees: PS845 arrangement fee, PS270 valuation fee, and PS130 application fee Benefits: 75% ltv, low rate Early repayment charge: 4% before April 2016, 3% between May 2016 and April 2017, 1% between May 2018 and April 2019.
60second Recap's survey announcement accompanied the publication of its step-by-step guide to obtaining college application fee waivers, College Application Fee Waivers: Just Ask (http://www.
The typical application fee on a two-year fixed-rate deal has increased by PS241 since June last year to reach PS1,033 by this month.
The new system will be available 24 hours a day and during daytime hours, applicants can also get assistance from a call centre with services in Arabic, English and Farsi who are able to assist with scheduling an appointment, provided the applicant has already paid the visa application fee.
29 per cent with no application fee, although customers will need a sizeable 30 per cent deposit to take it up.

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