What does Loan Processing Fee mean?

A loan processing fee is a fee that covers the cost of evaluating and processing a loan application. This fee may cover costs such as credit checks, document preparation, and other administrative expenses.

Related Terms

Interest Rate Ceiling Live-Work Space Eminent Domain amenities Multi Listing Services Qualifying Ratios Standard Metropolitan Statistical Area Federal Style Lease Buyout Cooperative Corporation Consent Judgment Bargain Sale Net Lease Trustee Title Risk Investment Property Binder Certificate of Deposit (CD)