origination fee

NOUN
  1. a fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan
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How To Use origination fee In A Sentence

  • Well, there's a 2 percent mortgage insurance premium, and a 2 percent origination fee.
  • The interest rate for a Parent Plus loan is fixed at 7.9%, with a 3% origination fee and a 1% federal default fee (you can get a. 25% repayment interest rate credit if you have payments automatically debited from your bank account). Borrow Against the House for Kid's Tuition?
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