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 ?
Instead, the FTC alleges, the defendants made multiple withdrawals from borrowers' 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.
And Westlake Village has a one-time arterial system finance fee.
The Agent will also receive a corporate finance fee of $10,000.
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.
In addition, the Agents received a Corporate Finance Fee of 300,000 Units of the Company plus an administration fee of $7,500.
75 per share until December 21, 2007 and 250,000 units as a corporate finance fee having the same terms as the above units.
Union is to receive a commission of 7% of the gross proceeds, as well as a corporate finance fee.
Finally, Majescor issued 150,000 common shares to Canaccord as a corporate finance fee (the "Corporate Finance Shares").
In addition, the Agent received $10,000 as a corporate finance fee, $10,700 as a due diligence fee, $19,541.
The Agent will receive a cash commission of 8% of the gross proceeds raised in this offering and a corporate finance fee of $15,000.