OUR LATE FEE POLICY
OUR LATE FEE POLICY
[TO BE CUSTOMIZED]
Late Fee's will be charged to borrower at 1% per day, effective immediately after closing date.
In example:
[TO BE CUSTOMIZED]
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,
12% fee: +$600
12% fee: +$600
= $5,600 due at closing
= $5,600 due at closing
= $56/day late fee's due per day.
= $56/day late fee's due per day.