OUR LATE FEE POLICY
Late Fees will be charged to borrower at 7% per day, effective immediately after closing date.
In example:
OUR LATE FEE POLICY
Late Fees will be charged to borrower at 7% 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
= $490/day late fee's due per day, immediately.
= $490/day late fee's due per day, immediately.