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Concept
Loan Fees
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Summary
Loan Fees
are
Additional Costs
associated with
Borrowing Money
, which can significantly affect the
Total cost of a loan
.
Understanding these fees
is crucial for borrowers to accurately
Compare loan offers
and manage their financial obligations effectively.
Concepts
Origination Fee
Application Fee
Late Payment Fee
Prepayment Penalty
Closing Costs
Annual Percentage Rate
Amortization
Loan Underwriting
Finance Charge
Interest Rate
Loan Comparison
APR (Annual Percentage Rate)
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