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Origination fee: The fee a lender rates any time you obtain the loan to deal with processing and administrative fees.
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There's two typical definitions of amortization. The initial is the systematic repayment of a loan over time. The second is used in the context of organization accounting and is also the act of spreading the cost of a pricey and very long-lived item about several intervals. The 2 are stated in additional detail in the sections beneath.
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