Mortgage Terms Glossary

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Tuesday, July 29 2008

Mortgage Terms Glossary

Application Fee -

The fee charged by the lender to the borrower for applying for a loan. Payment of this fee does not guarantee that a loan will be approved. Some lenders may apply the cost of the application fee to certain closing costs.

Source:

http://www.plazaareaneighbors.com/index.php?pageId=423602&action=mortgage_glossary

Posted by: Rolando Trentini AT 09:00 am | Permalink | Email

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