Definition of "Application Fee"

Janet								 Padalino real estate agent
Janet Padalino, Real Estate Agent eXp Realty, LLC- Padalino Guram Team

A fee that some lenders charge to accept an application. It may or may not cover other costs such as a property appraisal or credit report, and it may or may not be refundable if the lender declines the loan.

 

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