OUR LATE FEE POLICY

Late fees will be charged to borrower at 1% per day, effective immediately after closing date.
In example:

$5,000 borrowed, 

x 0.40 (40%) lenders fee = + $2,000,

= $7,000 due at closing x 0.01 (1%) late fee,

= $70/day late fee due per day, immediately after closing upon non-payment.