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The start date to calculate the commitment fee depends on the loan. Often the commitment fee starts as soon as the loan is processed and the borrower has signed on the loan.
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How do you Calculate Commitment fee on revolving loan?
Unused $amount x interest rate x #days in the period = commitment fee
Can a lender charge a 500 dollar up front fee to lock in an interest rate on a refinance loan?
They can charge a commitment fee or a lock fee, most certainly. Not everyone does it but it depends on the lender, it is not uncommon though.
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How do you Calculate Commitment fee on revolving loan?
Unused $amount x interest rate x #days in the period = commitment fee
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Can a lender charge a 500 dollar up front fee to lock in an interest rate on a refinance loan?
They can charge a commitment fee or a lock fee, most certainly. Not everyone does it but it depends on the lender, it is not uncommon though.
can a landlord -- after the due date on rent -- charge 10% fee and an additional fee daily -- in the?
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