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EAZY LOAN

➤ A loan is a debt incurred by an individual or some entity. The other party in the transaction is called a lender - it is usually a government, financial institution, or corporation. They lend the required sum of money to the borrower.

➤ What Is a Servicing Fee? A servicing fee is the percentage of each mortgage payment made by a borrower to a mortgage servicer as compensation for keeping a record of payments, collecting, and making escrow payments, passing principal and interest payments along to the note holder.

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➤ For example, if you have a personal loan, your loan servicing company is the one that sends you monthly billing statements, processes your payments, responds to your requests, and maintains your loan records.

➤ A loan is a sum of money that one or more individuals or companies borrow from banks or other financial institutions so as to financially manage planned or unplanned events. In doing so, the borrower incurs a debt, which he has to pay back with interest and within a given period of time.

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