Definition
Charge imposed by a lender on a borrower to cover costs associated with handling of a mortgage loan application. These costs include those of credit check and title search and, in some instances, are equated with interest and may be tax deductible.
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Obtaining Loans for Small or New Businesses
When starting a company, consider an SBA-guaranteed loan. Under this program, the U.S. Small Business Administration (SBA) guarantees a portion of a loan, often up to 85 percent, and enables a small b ... Read more
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