018: Tips account for money out-of application for the loan charges?

018: Tips account for money out-of application for the loan charges?

018: Tips account for money out-of application for the loan charges?

I work with a financial globe and you will my financial are billing a charge out of 3% per mortgage awarded so you’re able to customers towards a few of loan categories. not such fee are divided into a couple of kinds:

  • Mortgage Origination Commission of just one % try amortized across the financing months. Currently we are playing with upright-line as an alternative getting productive focus method, and you can
  • Application for the loan fee is 2%. Read More