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Meaning / Definition of
Amount Financed
Categories: Loan and Mortgage, Credit and Debt, Real Estate,
On the truth in lending form, the loan amount less "prepaid finance charges", which are lender fees paid at closing. For example, if the loan is for $100,000 and the borrower pays the lender $4,000 in fees, the amount financed is $96,000. A useless number. See Another truth in lending Lie.
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