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 ?
The Dubai Financial Services Authority (DFSA) warned on Thursday that the scammers are using a false DFSA application form to fraudulently offer a "fund status recognition certificate" to applicants upon paying an application fee.
The MMFLA requires BMMR to collect two separate fees: the medical marihuana facility license application fee and a regulatory assessment fee.
Application fee is P30,000; and 2) Finished films-Requirements can be submitted to the MMFF Secretariat until Oct.
Pharmaceutical company Elite Pharmaceuticals (OTCBB:ELTP) stated on Thursday that it has received a waiver of the application fee required for the filing of a New Drug Application (NDA) for ELI-200 from the US Food and Drug Administration (FDA).
Application Fee/Terms: non-float state; $15/species application fee + $160 hunt/fish combo license (nonrefundable); $650 for bull elk permit if drawn
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.
The bank is also waiving its GBP99 application fee on selected 65%, 70% and 75% LTV intermediary exclusive products, for a limited period.
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.

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