What are the closing fees for a loan from MCNW?
MCNW charges a minimum of a 1% loan closing fee for all loans, due at the time of signing. Some loans are subject to a 2% loan closing fee— depending on a number of factors (loan size, loan type, etc.). The closing fees, like the interest rate, are fixed. There is also a $10 fee for filing a UCC with the State of Oregon. If a car title is being used as collateral for the loan, there is a $55 Title Registration fee. If equity in real estate is being used to collateralize the loan, the fee for that varies, but is generally $116. All fees are due at the time of closing, and can be deducted from the loan.
