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  2. Good faith estimate - Wikipedia

    en.wikipedia.org/wiki/Good_faith_estimate

    This is the cost of the credit report. The lender does not have to pass this cost along to the buyer. 805 - Lender's Inspection Fee; This is the lender's cost of inspecting a property – some may double check the appraisal provided by an independent appraiser 808 - Mortgage Broker Fee; This is the upfront charge that a mortgage broker charges.

  3. Deferred financing cost - Wikipedia

    en.wikipedia.org/wiki/Deferred_financing_cost

    Deferred financing costs or debt issuance costs is an accounting concept meaning costs associated with issuing debt (loans and bonds), such as various fees and commissions paid to investment banks, law firms, auditors, regulators, and so on. Since these payments do not generate future benefits, they are treated as a contra debt account.

  4. Personal loan origination fees and other fees to watch out for

    www.aol.com/finance/personal-loan-origination...

    Origination fees are typically a percentage of the loan amount and can be paid upfront, added to the loan balance, or taken out of the loan proceeds. ... may mean a higher fee). ... $20,000 loan ...

  5. Finance charge - Wikipedia

    en.wikipedia.org/wiki/Finance_charge

    Creditors and lenders use different methods to calculate finance charges. The most common formula is based on the average daily balance, in which daily outstanding balances are added together and then divided by the number of days in the month. In financial accounting, interest is defined as any charge or cost of borrowing money.

  6. Federal vs. private student loans: What’s the difference? - AOL

    www.aol.com/finance/federal-vs-private-student...

    Upfront fees: The federal government charges an upfront loan fee on all of its loan products. The fee is relatively low for undergraduate students but high for graduate and professional students ...

  7. Who pays closing costs, the buyer or the seller? - AOL

    www.aol.com/finance/pays-closing-costs-buyer...

    There’s no set number when it comes to closing costs. Typically, homebuyers can expect to pay around 2 to 5 percent of the home’s sale price in closing fees, according to Fannie Mae. On a ...

  8. Discount points - Wikipedia

    en.wikipedia.org/wiki/Discount_Points

    Origination fee and discount points are both items listed under lender-charges on the HUD-1 Settlement Statement. The difference in savings over the life of the loan can make paying points a benefit to the borrower. Any significant changes in fees should be re-disclosed in the final good faith estimate (GFE).

  9. Origination fee - Wikipedia

    en.wikipedia.org/wiki/Origination_fee

    An origination fee is a payment charged for establishing a loan account with a bank, broker, or other financial service provider. [1] [2] While origination fees can be a set amount, they typically range from 1.0% to 5.0% of the loan amount, varying based on whether the loan is in the prime or subprime market. For example, an origination fee of ...