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Origin of origination fee
Words nearby origination fee
What does origination fee mean in mortgages?
An origination fee is money that a lender charges a borrower for making the loan. It can encompass a number of different fees for processing the application, funding the loan, and other administrative services.
The origination fee can be compared to a commission (an amount paid to agents, sales representatives, etc., for their services), and is typically a percentage of the face value of the loan. It’s a one-time fee, disclosed up-front and collected at the loan closing.
Origination fees are included in the loan APR, the annual rate of interest on the loan.
Examples of origination fee in a sentence
“Depending on the lender, you could pay an origination fee, which is a percentage of the total loan amount included in the amount lent.”
—”What Can You Do With A Personal Loan?” Rocket Loans. Retrieved March 15, 2020.
“Both personal loans and home equity loans can charge origination fees, which is what you’ll pay to process the loan.”
—”Home Equity Loan Vs. Personal Loan: Which Is Better For You?” Rocket Loans. Retrieved March 15, 2020.
“Depending on the lender, you may need to pay a certain amount of money (known as an origination fee) to take out the loan, and possibly another fee if you decided to pay back your loan early (known as a prepayment penalty or fee).”
—”Personal Loan Vs. Credit Card” Rocket Loans. Retrieved March 15, 2020.
Example sentences from the Web for origination fee
These RALs impose interest on the full amount of the loan and in some cases charge origination fees.
Harrington said that arrangement incentivized those lenders to “make larger loans for larger firms” that would earn them larger origination fees.‘Poorly designed and irresponsibly run’: PPP scrutiny mounts after SBA data dump|reymashayekhi|December 11, 2020|Fortune
These “free” games display ads, often in obnoxious places, in lieu of the entry fee.Lost For Thousands of Strokes: 'Desert Golfing' Is 'Angry Birds' as Modern Art|Alec Kubas-Meyer|January 2, 2015|DAILY BEAST
The user fee on duck stamps goes exclusively to funding federal acquisition of wetlands as wildlife habitat.
The Federal Duck Stamp Act raised the fee on stamps needed to hunt waterfowl on federal land from $15 to $25.
Meanwhile CBS announced a similar deal this year that will offer their catalogue of shows online for a monthly fee.
For a large fee, you could be pushed down the boardwalk on a rolling wicker chair by a black worker.I Watched a Casino Kill Itself: The Awful Last Nights of Atlantic City’s Taj Mahal|Olivia Nuzzi|December 8, 2014|DAILY BEAST
I was proud of my début as an arbitrator, especially as it was rewarded by, what seemed to me then, a very handsome fee.
A country girl, riding by a turnpike-road without paying toll, the gate-keeper hailed her and demanded his fee.
If you killed on a job Carlson considered the danger greater and pushed up his fee accordingly.
If upon a boat, let one of the servants perform this office, being careful to fee him for it.The Ladies' Book of Etiquette, and Manual of Politeness|Florence Hartley
When the Turks saw a destroyer come bustling up at an unusual hour they said to themselves, "fee faw fum!"Gallipoli Diary, Volume I|Ian Hamilton