origination fee

Definition of "origination fee"
  1. A charge levied by a lender for processing a loan application, often expressed as a percentage of the loan amount and colloquially termed as 'points'
How to use "origination fee" in a sentence
  1. The bank charged a 1.5% origination fee for the mortgage loan.
  2. John calculated all the associated costs including the origination fee before applying for the loan.
  3. She compared the origination fees of different lenders to find the best deal for her home loan.

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