Amount financed
Definition
On the Truth in Lending form, the loan amount less "prepaid finance charges", which are lender fees paid at closing. For example, if the loan is for $100,000 and the borrower pays the lender $4,000 in fees, the amount financed is $96,000. A useless number
Related Terms Other terms related to 'Amount financed' starting with the letter 'A' Amortization, Assumption, Auction site, Automated underwriting system, Application fee Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y |
