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Does WELS CEF charge a loan origination fee?

April 26, 2017cef charge fee loan Origination wels

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Does WELS CEF charge a loan origination fee?

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No. As of March 1, 2008 we changed our policy from a 1% origination fee to a $500 non-refundable applicaton fee to be sent with each new loan request. In addition, construction loans are charged a rate 1% higher than amortized loans.