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finance fee |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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