Real Estate Glossary



  Credit Report Fee

The credit report fee covers the lender's cost for ordering your credit report from a credit bureau.

This report will verify some of the information you provided on your loan application as well as additional information from the credit agency's files and from public records.

When a credit report is received, your lender will check it against your application and look for any discrepancies. You may be asked to explain information in your credit report.

 

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Stephanie Smith, REALTOR,
Westfield, New Jersey Real Estate
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