OUR LATE FEE POLICY
Late Fee's will be charged to borrower at 1% per day, effective immediately after closing date.
In example:
OUR LATE FEE POLICY
Late Fee's will be charged to borrower at 1% per day, effective immediately after closing date.
In example:
$5,000 borrowed,
$5,000 borrowed,
40% fee: +$2,000
40% fee: +$2,000
= $7,000 due at closing
= $7,000 due at closing
= $70/day late fee's due per day, immediately after closing.
= $70/day late fee's due per day, immediately after closing.