In making new real estate loans, institutional lenders often charge a fee for expenses incurred for such items as document preparation and related work. The fee charged is often a percentage of the face amount of the loan, and is referred to on the borrower's closing statement as a:
A: Prepayment fee;
B: Mortgage loan broker's fee;
C: Loan discount fee;
D: Loan origination fee.
Answer: D: Loan origination fee.
Business
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The Special Sauce Pizza Company sells pizzas in two different sizes—medium and large
The number of medium pizzas sold is twice the number of large pizzas sold. The contribution margin of a medium pizza is $10, and the contribution margin of a large pizza is $20. The weighted average contribution margin is $15. Indicate whether the statement is true or false
Business
When speakers make an effort to avoid errors in reasoning, they demonstrate which of the following elements of persuasion?
A) logos B) ethos C) slippery slope D) pathos
Business