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Loan payment example: on a $100,000 loan for 180 months at 3.
Thats because whether your mortgage is for $50,000 or $500,000, loan origination and servicing costs are about the same.
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For a storefront payday loan, a borrower must generally provide some verification of income (typically a pay stub) and evidence of a personal deposit account.
In that case, the processor would have an ODFI relationship.
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