origination fee
origination fee
| Noun | 1. | origination fee - a fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan |
| 单词 | origination fee | |||
| 释义 | origination feeorigination fee
Origination FeeOrigination FeeA charge imposed by a lending institution or a bank for the service of processing a loan. For example, a bank might charge an individual who has applied for a student loan an origination fee of one percent for processing the application and granting the loan. Origination FeeOrigination FeeOrigination fee.An origination fee is an amount, usually calculated as a percentage of a mortgage loan or home equity loan, which a lender charges for processing your application. The origination fee may be subtracted from the amount of the loan or you may pay the fee separately. Origination FeeAn upfront fee charged by some lenders, expressed as a percent of the loan amount. It is the same as points except that points vary with the interest rate and the origination fee does not. origination fee
Words related to origination fee
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