finance fee

finance fee

A charge by a mortgage broker to cover costs and expenses associated with placing a loan.With VA and FHA loans,the fee is limited to 1 percent of the amount financed.Other loans vary between one-half of 1 percent and 3 percent depending on the competition to obtain loans,credit risk,and other such business factors.The fee is generally negotiable.See origination fees.

References in periodicals archive ?
When I received the statement for the next month, I was surprised to see a late payment penalty of Dh250 and a finance fee of Dh70.
Instead, the defendants made multiple withdrawals from consumers bank accounts and assessed a new finance fee each time, without disclosing the true costs of the loan.
Mr Hill organised finance for the purchase and Chartpoint received a finance fee for the scheme of pounds 106,250.
The firm is to pay IBK Capital a corporate finance fee equal to six percent of the gross proceeds from the exercise of any or all of the Warrants exercised prior to October 30, 2010 pursuant to the deal.
The Agent will also receive a corporate finance fee of $10,000.
In accordance with the terms of the rights offering and the soliciting dealer agreement with Mackie Research Capital Corporation (MRCC), MRCC received a soliciting dealers fee and the balance of its corporate finance fee plus expenses totaling $179,722.
2m corporate finance fee and reimbursing the investors for USD0.
Wolverton Securities was paid a cash commission equal to 7% of the issue's gross proceeds and a corporate finance fee.
In consideration for its services the Corporation paid Blackmont a corporate finance fee, a cash commission of $56,000 (8%) and an agent's option to acquire 350,000 shares of the Corporation at a price of $0.
Leede Financial Markets was also paid a cash commission equal to 10% of the gross proceeds from the offering and a corporate finance fee.
In addition, the Agents received a Corporate Finance Fee of 300,000 Units of the Company plus an administration fee of $7,500.