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Banks charge this fee for the processing and approval of a loan application a process that may include verification of a borrowers information. LendingOne is an Jersey City private money lender offering short-term mortgage loans to real estate investors in Elizabeth. Get Commercial Real Estate Financing Your Bank Cant Compete With.
Local Experts Market Knowledge. When you apply for a loan the bank will often charge a flat fee eg 500 or a percentage of the loan eg 3 to process the paperwork to start the loan. Since the year 2000 FHA loan rates were usually 0125 to 025 higher than conventional loans.
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