The costs you’ll pay for a Best Egg Secured Home loan will include a fixed interest rate and a one-time origination fee.
Annual Percentage Rates (APRs) start as low as 5.99% for qualified applicants.
Origination fees range from 1.49% to 9.99% for home secured loans.
For five-year loans, if applicable, the origination fee will be at least 4.99%.
Examples:
When the origination fee is deducted from your loan proceeds
If you’re approved for a $10,000 loan with a 4.99% origination fee, the $499 fee is deducted before the funds are sent to you. As a result, $9,501 will be deposited into your bank account.
When the origination fee is included in your loan balance
If you choose a $10,000 loan with a 4.99% origination fee included in the loan balance, the $499 fee is added to the total amount you owe. The full $10,000 requested will be deposited into your bank account.
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